U.S. House Clears Major Crypto Bills, GENIUS Act Heads to Trump

Highlights:

• GENIUS Act clears both chambers and is on its way to Trump’s desk for a signature.
• CLARITY Act and Anti-CBDC Act now move to the Senate for review.
• The crypto bills aim to bring clarity to digital asset regulation in the U.S.

On July 18, 2025, the U.S. House of Representatives passed three big crypto bills after an intense week of negotiations. The bills were pushed through after lengthy debates, procedural delays, and compromise across party lines. The crypto bills passed major roadblocks, concluding the “Crypto Week” with a clean sweep by House Republicans.

Advertisement

The most notable bill is the GENIUS Act, which introduces new regulations governing the issuers of stablecoins in the U.S. It cleared the House with broad bipartisan backing in a 308-122 vote. The Senate already passed the GENIUS Act, and it is now on its way to President Trump to be signed. Moreover, the signing ceremony has been planned by the administration for Friday afternoon.

🚨IT’S OFFICIAL: HOUSE PASSED ALL 3 CRYPTO BILLS

Clarity Act (294-134)
Genius Act (308-122)
Anti-CBDC Act (219-210)

A historic win for crypto in the US — regulatory clarity is coming, and the future is looking bullish. 🔥 pic.twitter.com/zICfrfULjt

— Coin Bureau (@coinbureau) July 18, 2025

Meanwhile, the CLARITY Act, which establishes regulatory responsibilities between the SEC and the CFTC, was approved by the House 294-134. Despite having fewer Democratic supporters, it registered bipartisan traction. The Anti-CBDC Surveillance State Act, a bill that would prohibit the Federal Reserve from issuing a central bank digital currency, passed by a slender margin of 219-210. The two crypto bills now go to the Senate.

Despite internal GOP disagreements and initial procedural roadblocks, the House unified to advance the crypto bills. The negotiations took close to ten hours earlier in the week, the longest procedural session in recent history.

GENIUS Act Set to Become First Crypto Law

The GENIUS Act is the first introduction of a stablecoin framework in U.S. law. It requires its issuers to maintain 1:1 reserves and undergo auditing with federal and state regulators. Once President Trump signs this bill, it will officially become a law, the first legislative success in the crypto industry.

The GENIUS Act will come into effect in phases upon signing. Furthermore, the full implementation starts 18 months after signing or 120 days after the issuance of final regulations. Key agencies such as the Treasury and the Federal Reserve will handle the regulatory details. Tether, Circle, and Ripple are among the major players targeted by the bill.

Furthermore, the stablecoin legislation has been met with a positive reaction by industry leaders. For instance, the CEO of Ripple, Brad Garlinghouse, described it as a milestone moment in digital assets in the U.S. due to its emphasis on innovation and clarity of rules. Moreover, the bill will help boost consumer confidence and improve global competitiveness.

The last major financial regulation bill was passed 15 years ago in response to the 2008 financial crisis.
Tomorrow, the signing of the GENIUS Act cements the US’s future in being a leader in truly innovative financial technology – stablecoins. This moment is a historic one, and… https://t.co/002tVEofWs

— Brad Garlinghouse (@bgarlinghouse) July 17, 2025

Crypto Bills Spark Renewed Momentum in U.S. Policy

As the GENIUS Act is on the verge of final approval, the other crypto bills are in the spotlight. The CLARITY Act is expected to solve the issues of decades-long disputes between financial regulators about who will regulate what in crypto. It describes the classification of assets and enforcement roles. In addition, this bill can establish the regulation of tokens in the future.

In contrast, the Anti-CBDC Act reflects growing skepticism about government-controlled digital currencies. Lawmakers who support the digital dollar believe that it poses a risk to financial privacy. Despite the controversy, the bill passed the House with minimal support from the Democrats.

Advertisement