US House Passes Three Key Crypto Bills: What’s Next?
After enduring days of uncertainty and political strife, ‘Crypto Week’ in the U.S. House came to a victorious close as lawmakers successfully passed all key bills on the agenda.
On July 18, 2025, the U.S. House of Representatives approved a package of three landmark crypto bills, breaking through a significant hurdle in the regulation of digital assets. The votes followed intense negotiations and a week marked by political gridlock.
Leading the charge was the Digital Asset Market Clarity (CLARITY) Act, which saw bipartisan support, passing with a vote of 294-134, including the endorsement of 78 Democrats. This legislation aims to clarify the long-standing jurisdictional battle between the SEC and CFTC by providing explicit guidelines on which agency governs which assets.
Next was the GENIUS Act, proposing the first federal framework for stablecoins. It achieved a wider margin of victory, passing 308-122, with 102 Democrats voting in favor.
The third bill, the Anti-CBDC Surveillance State Act, passed with the narrowest margin of 219-210, gaining support from only two Democrats. This legislation prohibits the Federal Reserve from issuing a U.S. central bank digital currency and sparked intense debate on issues of privacy and government overreach.
The successful passage of these bills followed an earlier setback earlier in the week when Congress struggled to advance all three measures. Some representatives raised concerns over consumer protection and potential conflicts of interest linked to President Trump’s digital asset ventures.
With all three bills now approved in the House, focus shifts to the next steps in the legislative process.
What happens next?
The GENIUS Act has already secured passage in the Senate and is headed for Trump’s desk. The president has expressed his intent to expedite the process.
“Get it to my desk, ASAP — NO DELAYS, NO ADD ONS. This is American Brilliance at its best, and we are going to show the world how to WIN with Digital Assets like never before,” he remarked in June.
A signing ceremony is scheduled for Friday, marking the stablecoin legislation as the first major crypto law in U.S. history. It will require issuers to hold 1:1 reserves, undergo regular audits, and comply with both state and federal regulations.
The CLARITY Act and the Anti-CBDC bill will both move to the Senate for further consideration. The CLARITY Act is expected to make progress, although amendments concerning SEC and CFTC oversight may be proposed. The Anti-CBDC bill might encounter more difficulties due to its limited support and strong opposition from privacy advocates in the Senate.
Participants in the industry view these advancements as a major breakthrough. Ripple CEO Brad Garlinghouse noted the passage of the GENIUS Act as “historic,” asserting it positions the U.S. as a global leader in innovation.
However, opposition remains. U.S. Senator Elizabeth Warren, a prolonged critic of the sector, recently criticized the bills as “not doing anything,” warning they could “blow up” the economy if not properly enforced. This highlights potential challenges ahead, though industry sentiment remains cautiously optimistic that the U.S. is finally stepping into a long-anticipated pro-crypto regulatory era.