- 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.
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Clarity Act & Anti-Central Bank Digital Currency Surveillance State Act
The House recently passed the CLARITY Act and the Anti-CBDC Surveillance State Act. These two pieces of legislation will now be reviewed by the Senate. The Clarity Act aims to differentiate between who should regulate which cryptocurrencies. It will distinguish which cryptocurrencies are to be treated as commodities and regulated by the Commodity Futures Trading Commission (CFTC) and which will come under the Securities and Exchange Commission’s (SEC) scrutiny. This distinction will be crucial for the industry, as it has long lobbied for clear regulations to avoid legal oversight.
The other bill of concern is the Anti-Central Bank Digital Currency Surveillance State Act. This act will prohibit the U.S. Federal Reserve from issuing a CBDC. The conservative proponents of the bill have expressed concerns that allowing CBDC could permit government surveillance of the financial activity of all Americans and thereby threaten privacy.
Legislative Clarity For Crypto For The Win
These legislative developments are important to the crypto industry in the U.S., which has, for a long time, been lobbying for clear regulations. While the GENIUS Act is all set to become the law, the CBDC Surveillance Act and CLARITY Act will be considered once they are approved by the Senate.
