In a stunning bipartisan breakthrough and the longest debate, all three major cryptocurrency bills have cleared the US House today, with the stablecoin-focused GENIUS Act now en route to President Donald Trump for final approval, making it the first crypto legislation to reach the Oval Office.
(Source: Eleanor Terrett on X)
- CLARITY Act (294-134) – The comprehensive regulatory framework for crypto shocked observers when 78 Democrats crossed party lines.
- GENIUS Act (308-122) – The stablecoin bill garnered unprecedented 102 Democratic votes
- Anti-CBDC Act (219-210) – the most contentious measure passed narrowly with 2 Democratic defections
(Source: X)
Senator Cynthia Lummis appreciated this legislation advancement, saying, “Huge win for Digital Assets!”
House Approves Crypto Trio: GENIUS Act, CLARITY Act, and Anti-CBDC Act
- GENIUS Act – It is a new US law that establishes clear rules for USD-pegged stablecoin issuers. This bill directs issuers to hold reserves and undergo monthly audits.
- CLARITY Act – The Digital Asset Market Clarity (CLARITY) of 2025 is a US House bill introduced to create a regulatory framework for digital assets, splitting oversight between the SEC and CFTC. It defines “digital commodities” as blockchain-linked assets.
- Anti-CBDC Act – It is a US House bill passed by the House Financial Services Committee in 2025, which is designed to ban the Federal Reserve from issuing a central bank digital currency (CBDC).
However, the road to approval proved more challenging than anticipated, with major hurdles and delays before finally crossing the finish line.
The U.S. House of Representatives held a marathon debate session on July 17, 2025, for these three major cryptocurrency bills.
What made this session historic was its record-breaking duration; lawmakers kept the vote open for over ten hours, surpassing the previous record set just weeks earlier during debate on Trump’s “Big Beautiful Bill”.
President Trump’s Crypto Czar also reacted to big news, saying, “Massive wins for crypto in the House. GENIUS Act passes 307-122. CLARITY Act passes 294-134.”
Rep. Scott Fitzgerald highlights the need for a regulatory framework, saying, “For too long, innovators have been stuck in a regulatory gray zone caught between agencies and overlapping authority and subject to enforcement instead of clear rules. The uncertainty has driven jobs, investment, and innovation offshore, while leaving American consumers exposed. The CLARITY Act fixes this.”
Adding to this excitement, the White House has also released a statement earlier, saying that President Trump supports tax exemption for Bitcoin and other cryptocurrency transactions, and if authorities continue to support the President’s stance, they are receptive to making cryptocurrency payments easier and more efficient for those using it to buy coffee.
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