- The U.S. House of Representatives has passed three bills aimed at regulating stablecoins.
- This milestone has already shown its effect on the broader crypto market as the market cap of crypto globally has climbed to $4 trillion on Thursday, 17th July, 2025.
The U.S. The House of Representatives has passed three significant cryptocurrency bills, sending them to the Senate for further consideration. The bill trio majorly aim at classifying and creating a regulatory pathway for legalizing and regulating stablecoins and other digital assets.
Genius Act – Stabecoins Regulation
The “Genius Act” mandates that stablecoins, cryptocurrencies designed to maintain a constant value (typically a 1:1 dollar peg), must be backed by liquid assets such as U.S. dollars and short-term Treasury bills
Eminent leader Summer Mersinger of the Blockchain Association, are calling this a “defining moment” for U.S. digital asset policy.
Clarity Act & Anti-Central Bank Digital Currency Surveillance State Act
The house passed the clarity act and the anti CBDC surveillance state act. These two will now be reviewed by the senate. The Clarity act seeks to define which forms of cryptocurrency should be treated as commodities (regulated by the Commodity Futures Trading Commission – CFTC) and which are securities (policed by the Securities and Exchange Commission – SEC). This distinction is crucial for the industry, which has long sought clear regulatory rules to avoid legal uncertainty.
The Anti-Central Bank Digital Currency Surveillance State Act prohibits the central bank of the United States from issuing a CBDC. Proponents of this bill, particularly conservatives, express concerns that a CBDC could enable government surveillance of Americans’ financial activity and threaten individual privacy.
Legislative Clarity For Crypto For The Win
These legislative developments are significant for the cryptocurrency industry in the U.S., which has heavily lobbied for clearer regulations. While the GENIUS Act is all set to become the law, the CBDC surveillance act and CLARITY Act will be considered once it is approved by the senate.
