The GENIUS ACT and CLARITY Acts, as well as the Anti-CBDC Bill have now passed congressional House votes during Crypto Week.
The GENIUS Act passed with a vote of 307-122. The CLARITY Act passed with a vote of 294-134. The Anti-CBDC Bill pass with a vote of 219-217.
U.S. Crypto Czar, David Sacks, commented on X, “Massive wins for crypto in the House.”
Massive wins for crypto in the House:
— David Sacks (@davidsacks47) July 17, 2025
GENIUS Act passes 307-122.
CLARITY Act passes 294-134.
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The GENIUS Act (Guiding and Establishing National Innovation for U.S. Stablecoins) establishes a federal framework for payment stablecoins, treating large issuers like banks to ensure consumer protection and financial stability. The CLARITY Act (Digital Asset Market Clarity Act) aims to create a clear regulatory framework by dividing oversight of digital assets between the SEC and CFTC, categorizing them as securities, commodities, or stablecoins, and has passed key House committees. The Anti-CBDC Surveillance State Act seeks to ban the Federal Reserve from issuing a Central Bank Digital Currency, prohibiting direct or indirect CBDC distribution and any related studies to protect financial privacy.