17.07.2025 21:43
The U.S. House of Representatives achieved a landmark feat on Thursday, passing three significant cryptocurrency bills with historic bipartisan backing. After several days of delays, the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act, the Clarity Act, and the Anti-CBDC Surveillance State Act all cleared the House, signaling a monumental shift towards clearer crypto regulation in the United States.
These bills addressed crucial aspects of the crypto landscape. The GENIUS Act, designed to establish a regulatory framework for stablecoins – digital currencies pegged to traditional assets like the U.S. dollar – enjoyed overwhelming support, passing with a commanding 308-122 vote, including a substantial 102 Democratic votes, as reported by the official House of Representatives website. Similarly, the Clarity Act, aiming to create a comprehensive regulatory structure for digital assets and cryptocurrencies more broadly, also garnered considerable bipartisan support, passing with a 294-134 vote; notably, 78 Democrats voted in favor – exceeding expectations and surpassing the number of Democratic supporters of a similar bill last year, according to an X post by Eleanor Terrett of Crypto in America.
In contrast, the Anti-CBDC Surveillance State Act, prohibiting the federal government from issuing a central bank digital currency (CBDC) for monetary policy, faced considerably more resistance. Passing by a narrower margin of 219-210, as noted by the House of Representatives website, this bill secured only two Democratic votes. This outcome, however, was anticipated given the bill's controversial nature, as pointed out by Terrett.
The overwhelming bipartisan support for the GENIUS and Clarity Acts represents a significant turning point in U.S. crypto legislation. This demonstrates a growing acceptance of cryptocurrencies among lawmakers. Senator Tim Scott, Chairman of the Senate Banking Committee, hailed the passage of the GENIUS Act, stating in an official statement that this marked the first time Congress passed bipartisan digital asset legislation through both chambers. This legislative success underscores a crucial step in securing America's position within the evolving global digital asset market.
