House passes landmark crypto bills amid bipartisan support

On July 17, 2025, the House of Representatives voted to approve three significant bills aimed at regulating the cryptocurrency market in the United States. Among these, the Guiding and Establishing National Innovation for U.S. Stablecoins Act, also known as the GENIUS Act, gained particular attention as it sets financial guidelines for stablecoins, which are pegged to stable assets like the U.S. dollar. The GENIUS Act received bipartisan support, passing with a vote of 308-122, indicating a collaborative effort across party lines despite some opposition, notably from Rep. Maxine Waters, who criticized the legislation, alleging it served the interests of former President Trump and did not provide adequate protections for consumers and national interests. Alongside the GENIUS Act, the Digital Asset Market Clarity Act, which introduces new federal regulations for digital assets, and the Anti-CBDC Surveillance State Act, which prohibits the Federal Reserve from issuing a central bank digital currency, were also approved. These measures reflect a significant shift in the regulatory landscape for cryptocurrency in the U.S. The developments come at a time when President Trump is preparing to sign the GENIUS Act into law, fulfilling his previous commitment to support the growth and clarity of the digital asset market. Proponents argue that these bills will enhance innovation and economic growth in the digital asset sector, enabling greater investment and financial opportunities for families, while critics warn of potential risks and the necessity for stronger consumer protections. The passage of these bills marks a historic moment in U.S. legislative history concerning crypto regulation, as it is the first comprehensive set of laws governing digital currencies.