In the US, the House of Representatives has officially passed three strategic cryptocurrency bills at once:
In particular, the GENIUS Act, which creates a regulatory framework for stablecoins in the United States, was supported by 308 congressmen, 122 were against, while 102 Democrats voted in favor.
According to Fox Business journalist Eleanor Terrett, the document is already on its way to US President Donald Trump for his signature. It will be the first major crypto regulation law in the country’s history.
At the same time, the CLARITY Act, which defines the legal status of crypto assets, was passed by a vote of 294 to 134, with 78 Democrats, which is twice the support for a similar project last year, FIT21.
Meanwhile, the Anti-CBDC Act, which prohibits the US Federal Reserve from independently issuing central bank digital currency (CBDC), passed by a narrow margin: 219 votes in favor, 210 against, with only two Democrats supporting the initiative.
Delphine Forma, Head of Policy Europe at Solidus Labs, called the vote a landmark in a commentary for Incrypted:
According to her, the GENIUS Act is a key step towards:
The signing ceremony of the GENIUS Act is scheduled for 18 July at the White House and will be a “happy ending to Cryptocurrency Week,” as Terrett described the event.
It is expected that other bills will also receive further support in the Senate or as part of other legislative initiatives.
We would like to remind you that on the eve of the final vote, the House of Representatives initially failed a procedural vote, but later approved the relevant decision.