House Passes Landmark Crypto Bills, GENIUS Act Leads

The U.S. House of Representatives passed three major cryptocurrency bills: the GENIUS Act, the CLARITY Act, and the Anti-CBDC Act, in a landmark move for digital asset regulation. The GENIUS Act, now the first federal crypto law upon passage and awaiting President Trump's signature, sets strict standards for USD-pegged stablecoin issuers, bans algorithmic stablecoins, and has drawn criticism for potentially disadvantaging smaller firms and threatening privacy. The CLARITY Act, which clarifies regulatory roles between the SEC and CFTC and establishes a framework for digital assets and decentralized networks, and the Anti-CBDC Act, which seeks to block a U.S. central bank digital currency, both advance to the Senate for further debate. These measures aim to resolve years of regulatory uncertainty, encouraging institutional adoption and enhancing market stability. While industry leaders welcome the reforms as a milestone for U.S. innovation and consumer protection, significant challenges remain in the Senate. The historic vote included bipartisan support and reflected deepening national debate on crypto policy.