The cryptocurrency industry achieved a monumental victory this week, as the House of Representatives passed three landmark bills that collectively represent the most significant crypto legislation in US history.
These bills promise to establish America as the global leader in digital assets while providing the regulatory clarity that has eluded the industry for years.
Crypto Legislations
The centerpiece of this historic day was the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act, which sailed through with overwhelming bipartisan support in a 307-122 vote. This groundbreaking legislation is now headed directly to President Donald Trump’s desk for signature, marking the first comprehensive federal framework for stablecoins in American history.
The GENIUS Act establishes rigorous standards for U.S. dollar-backed stablecoins, including mandatory reserve requirements and robust consumer protections. This legislation addresses one of the most critical gaps in crypto regulation, providing the foundation for stablecoins to flourish while ensuring users remain protected.
The second major victory came with the Digital Asset Market Clarity Act of 2025 (CLARITY Act), which passed 294-134 and now advances to the Senate. This bill tackles the industry’s most persistent challenge: jurisdictional confusion between federal agencies.
By clearly delineating oversight responsibilities between the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC), the CLARITY Act promises to end years of regulatory uncertainty that has stifled innovation.
The third bill, the Anti-CBDC Surveillance State Act, passed by a narrower margin of 219-210, reflecting the more contentious nature of central bank digital currencies. This legislation prohibits the Federal Reserve from issuing a CBDC and codifies President Trump’s executive order forbidding federal agencies from exploring their development, addressing privacy concerns that have animated crypto advocates.
Crypto Community Celebrates
The passage of these bills has generated unprecedented enthusiasm across both political and industry circles, as Senator Cynthia Lummis celebrated it as a “huge win for Digital Assets.”
Industry titans were equally effusive in their praise. Gemini co-founder Tyler Winklevoss called it “a huge day for crypto, U.S. dollar dominance, and America,” while Ripple CEO Brad Garlinghouse placed the moment in historical context, noting that “the last major financial regulation bill was passed 15 years ago in response to the 2008 financial crisis.”
Coinbase CEO Brian Armstrong perfectly encapsulated the industry’s anticipation, stating: “GENIUS ready to be signed into law. CLARITY heading the senate next. We are getting incredibly close to finally having clear rules for crypto to grow this industry in the United States of America.”
House Republicans emphasized the global implications, declaring that “The United States will continue to be a world leader that drives innovation.” This sentiment reflects the broader understanding that these bills represent more than domestic policy—they position America at the forefront of the digital asset revolution that’s reshaping global finance.
With the GENIUS Act awaiting presidential signature and the CLARITY Act heading to the Senate, the crypto industry stands on the precipice of a new era of regulatory certainty and unprecedented growth potential.
