House Passes GENIUS Act, Moves Clarity Act Forward | Political News
It’s been a massive day for the crypto group. Thanks to President Donald Trump’s promise to make America the Crypto Capital of the World, Congress labored to put ahead and move laws that would secure a steady footing within {the marketplace} while guaranteeing asset privateness and shore up crypto accounts against authorities intrusion.
The Clarity Act, the GENIUS Act, and the Anti-CBDC Surveillance State Act all handed through the House on Thursday. As CrimsonState reported, the GENIUS Act had already cleared the Senate, but confronted a procedural hurdle in the House of Representatives on Wednesday, with 12 Republicans voting “NO.” After an night assembly with President Trump, a number of of the members agreed to permit the invoice to transfer ahead to the total House. On Thursday, it handed the total House on a 308-122 vote. The invoice will now go to President Trump for his signature.
Crypto has formally moved from a distinctive area of interest in the financial world to the mainstream of financial markets.
I just signed the landmark laws handed right now by House Republicans to strengthen American crypto innovation.
The CLARITY Act, GENIUS Act, and Anti-CBDC Surveillance State Act ship on President Trump’s imaginative and prescient to make crypto a core pillar of the U.S. economic system and guarantee… pic.twitter.com/rnJgq3KaV2
— Speaker Mike Johnson (@SpeakerJohnson) July 17, 2025
I just signed the landmark laws handed right now by House Republicans to strengthen American crypto innovation.
The CLARITY Act, GENIUS Act, and Anti-CBDC Surveillance State Act ship on President Trump’s imaginative and prescient to make crypto a core pillar of the U.S. economic system and guarantee America stays the worldwide chief in this dynamic industry.
The House has handed three payments meant to enhance the legitimacy of the cryptocurrency industry with new laws as President Donald Trump has pushed to make the U.S. the “crypto capital of the world.”
One of the three payments, laws to regulate a kind of cryptocurrency known as stablecoins, had already handed the Senate with broad bipartisan assist and will now head to Trump’s desk. The different two payments — a broader measure to create a new market construction for cryptocurrency and a invoice to prohibit the Federal Reserve from issuing a new digital currency — will go to the Senate.
The stablecoin invoice, handed on a 308-122 vote, units initial guardrails and client protections for the cryptocurrency, which is tied to a steady asset, usually the U.S. greenback, to cut back price volatility. It handed the Senate with bipartisan assist in June.
“Around the world, payment systems are undergoing a revolution,” mentioned House Financial Services Chair French Hill of Arkansas as lawmakers debated the stablecoin laws Thursday morning. Hill mentioned the invoice will “ensure American competitiveness and strong guardrails for our consumers.”
One hundred and two Democrats joined with 306 Republicans. Four of the Republican “NO” votes from Wednesday remained, notably Rep. Marjorie Taylor Greene (R-GA). Despite the passage of the anti-CBDC invoice and Speaker Johnson’s dedication to add this language into the National Defense Authorization Act (NDAA), Greene still thought of the invoice a Trojan Horse to create a central digital currency.
I cannot vote for this.
The only means to guarantee a ban on a central bank digital currency is through law.
The GENIUS Act doesn’t ban CBDC or preserve people’s chain of custody.
Revelations 13:16-17 pic.twitter.com/Br9iFFSn3p
— Rep. Marjorie Taylor Greene🇺🇸 (@RepMTG) July 16, 2025
Critics say the Federal Reserve or different authorities entities might impose large surveillance capabilities to monitor crypto transactions, related to practices in nations like China that have central bank digital currencies (CBDC).
In response to opposition from some Republicans, House GOP management agreed to take up a separate measure known as the Anti-CBDC Surveillance State Act, which handed 218-210 in a near-party-line vote.
Reps. Jared Golden (D-Maine) and Shri Thanedar (D-Mich.) joined 216 Republicans in endorsing the measure.
The trifecta of payments included the Clarity Act and the anti-CBDC Act. The Clarity Act was crafted to make clear the boundaries and tasks between the Securities and Exchange Commission (SEC) and the Commodities Futures and Trading Commission (CFTC) when it comes to digital currency. The Clarity Act handed with a 294-134 vote and will transfer onward to the Senate.
The House just handed a invoice I sponsored to prohibit the Federal Reserve from issuing a Central Bank Digital Currency.
This will stop the emergence of CCP-style surveillance and control that would threaten the freedom and privateness of every American. pic.twitter.com/zubwbSTq9v
— Rep. Kevin Kiley (@RepKiley) July 17, 2025
Key provisions embrace standardized registration necessities, disclosure obligations, delisting guidelines for noncompliant belongings, and investor safety mechanisms. The laws also creates pathways for capital formation, acknowledges decentralized blockchain networks, and protects customers’ rights to self-custody digital belongings.
Crypto group members and industry advocates see the CLARITY Act as foundational for trust, market stability, and institutional adoption of crypto belongings.
Crypto Week could have hit some tough snags, but headed into Friday, it seems to be ending with a bang.
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