The United States House of Representatives has passed three major bills poised to reshape the nation’s regulatory approach to cryptocurrencies and digital assets. The U.S. House of Representatives encountered a major setback during the initial vote on July 16, failing to advance three landmark crypto bills. However, in a decisive turnaround, the House officially passed all three measures on July 17. The passage of the GENIUS Act, the Clarity Act, and the Anti-CBDC Surveillance State Act marks the most significant intervention by Congress into the crypto space to date, capping what is being referred to as “Crypto Week” in Washington.

GENIUS Act

The flagship legislation, known formally as the GENIUS Act, sailed through the House with a bipartisan 308–122 vote after clearing the Senate last month. It now awaits President Trump’s signature, with the White House signaling enthusiastic support. The GENIUS Act establishes a comprehensive federal framework for stablecoins requiring issuers to maintain sufficient reserves and comply with anti-money-laundering measures. Advocates argue that the new rules will offer both clarity and enhanced consumer protection, bringing a previously unregulated sector under oversight while making the U.S. a global leader in digital asset innovation.

Clarity Act

Quickly following the stablecoin bill, lawmakers gave resounding support to the Digital Asset Market Structure Clarity Act. Passing 294–134, the Clarity Act aims to end years of uncertainty over whether cryptocurrencies and other digital assets should be treated as securities or commodities. Under the new legislative blueprint:

1. The Securities and Exchange Commission (SEC) will regulate tokens defined as securities.

2. The Commodity Futures Trading Commission (CFTC) will take charge of “digital commodities,” including sufficiently decentralized cryptocurrencies.

This division is designed to bring long-awaited clarity to developers, exchanges, and investors while providing regulators with clearly defined mandates. While the bill drew bipartisan support, some lawmakers expressed concern that the framework could be too lenient and favour large crypto players. Others, however, argued that any clear rules are preferable to the legal limbo that has hampered U.S. innovation in the crypto space.

Anti-CBDC Act

The third pillar of Crypto Week, the Anti-CBDC Surveillance State Act, passed the House narrowly with 219–210, mostly along party lines. This bill forbids the Federal Reserve from issuing or even piloting a central bank digital currency (CBDC) without explicit Congressional approval. Supporters hailed the bill as a safeguard against potential surveillance and overreach by federal authorities. Critics countered that the legislation limits the government’s ability to modernize payment rails and compete internationally in digital finance.

Industry Reaction

Crypto industry groups celebrated the week’s events as a watershed moment. President Trump, a vocal backer throughout, is expected to sign the GENIUS Act into law imminently, cementing his administration’s crypto-friendly credentials. Opposition came from some Democrats who warned that the new rules could open doors to financial instability and enrich political insiders. Nevertheless, the willingness of legislators to act on crypto has been interpreted as both a response to industry lobbying and a reflection of digital assets’ growing importance in American economic life.

The Road Ahead

The GENIUS Act is now on its way to becoming law. The Clarity Act and Anti-CBDC Act will proceed to the Senate, where further debate is expected. Whatever the final result, this week’s votes signal a new era for U.S. digital asset regulation and an acknowledgment that cryptocurrencies can no longer be consigned to the regulatory shadows.