Catenaa, Friday, July 18, 2025-The Crypto industry and financial regulators praised the US House of Representatives on Thursday for passing three major bills that signal a turning point for digital asset regulation in the United States.
Earlier the House passed the Digital Asset Market Clarity Act, the GENIUS Act regulating stablecoins, and a measure banning central bank digital currencies (CBDCs). The votes followed days of intense debate and procedural hurdles.
SEC Chair Paul Atkins, appointed by President Donald Trump, said the GENIUS Act offers “clear rules of the road,” enabling industry players to develop faster, safer payment solutions while maintaining risk safeguards.
The GENIUS Act passed 308-122, requiring stablecoins to be fully backed by US dollars or equivalent assets, audited annually, and subject to oversight guidelines. The bill, which already cleared the Senate, is expected to reach Trump’s desk by week’s end.
The Clarity Act -approved 294-134- establishes how the SEC and Commodity Futures Trading Commission will regulate crypto, mandates retail disclosures, and delineates fund separation rules for digital asset firms.
It now moves to the Senate, where negotiations are ongoing.
The Anti-CBDC Surveillance State Act, narrowly passed 219-210, bars the Federal Reserve from issuing a digital dollar directly to Americans, a measure industry leaders called essential to privacy and financial freedom.
