House Passes Crypto Bills, Stablecoin Rules Advance

The U.S. House of Representatives has passed three major cryptocurrency bills: the GENIUS Act, the CLARITY Act, and the Anti-CBDC Act, signaling a historic advance for crypto regulation in the U.S. The GENIUS Act establishes a regulatory framework for dollar-backed stablecoins and was approved with bipartisan support, now awaiting President Trump's signature. The CLARITY Act aims to clarify when digital assets are securities or commodities and to define SEC and CFTC oversight, and it will now be considered by the Senate. The Anti-CBDC Act, seeking to prohibit a U.S. central bank digital currency, also narrowly passed and requires Senate review. Crypto industry leaders have praised the legislation, while some Democrats raised concerns about consumer protections and Trump's financial ties to the crypto sector. The passage comes amid intense industry lobbying and is seen as paving the way for the mainstream adoption of stablecoins and clearer regulatory rules.