18.07.2025 09:24

The US House of Representatives achieved a significant landmark in cryptocurrency regulation, successfully passing three major bills addressing digital assets. This victory concluded a tumultuous "crypto week," marked by intense internal Republican debate and near-failure.

Following initial setbacks caused by intra-party disagreements, the House approved the Digital Asset Market Clarity Act by a substantial margin of 294 to 134. The bipartisan support was notable, with a significant number of Democrats joining all Republicans in favor of the legislation. This comprehensive bill aims to clarify and regulate various aspects of the cryptocurrency market.

Simultaneously, the House overwhelmingly endorsed the GENIUS Act, a stablecoin bill already cleared by the Senate. This legislation mandates full backing of stablecoins with US dollars or equivalent liquid assets, imposes annual audits on large issuers (those with a market capitalization exceeding $50 billion), and provides a framework for international stablecoin issuances. The vote in favor stood at 308 to 122.

Further solidifying this regulatory push, the House also passed an Anti-CBDC bill. This bill, a direct response to concerns about central bank digital currencies, emerged as a result of strategic maneuvering during the intense legislative process.

The passage of these three bills was far from guaranteed. Internal Republican opposition initially stalled progress. After President Trump's intervention, which included unsuccessful attempts at compromise, the anti-CBDC provisions were eventually attached to the National Defense Authorization Act (NDAA), a move that ultimately secured enough Republican votes for passage. This inclusion significantly improved the likelihood of presidential approval. The marathon voting session, the longest in House history, ultimately resulted in a decisive win for cryptocurrency regulation. The source of this information is from internet sources.