Cointelegraph: Three crypto bills passed in the House, with the GENIUS Act heading to President Trump for signing.

Cointelegraph: Three crypto bills passed in the House, with the GENIUS Act heading to President Trump for signing.

The U.S. House of Representatives passed three significant crypto bills on July 17, 2025, with the GENIUS Act, aimed at regulating stablecoins, being the most notable. The bill, which passed with a vote of 308-122, will now be sent to President Donald Trump for signing [2].

The GENIUS Act, also known as the Genius Act, introduces a regulatory framework for stablecoins, cryptocurrencies pegged to the U.S. dollar. The bill mandates that stablecoins must hold cash or Treasury bills matching every dollar issued and publicly disclose reserves monthly. It also imposes anti-money laundering rules and bans on paying interest to users. This legislation marks a significant step towards establishing federal rules for stablecoins, a foundational technology for the future of finance [2].

The other two bills passed include the Clarity Act, which aims to clearly define digital assets as either securities or commodities, and the Anti-CBDC Surveillance State Act, focused on preventing excessive government surveillance through Central Bank Digital Currencies (CBDCs). These bills are part of a broader push to build a more transparent and legally sound environment for cryptocurrencies [3].

The passage of these bills has been celebrated by industry leaders and experts. Dante Disparte, Chief Strategy Officer at Circle, described the House vote as a "defining moment for the future of money" that reinforces U.S. dollar dominance globally [2]. Andrew Forson, President of Defi Technologies, noted that the Genius Act signals the start of a new era for digital assets, unlocking broader adoption by traditional institutions [1].

The market reaction to the passage of the GENIUS Act has been positive, with shares of crypto-related companies mostly higher. Bitcoin, the largest cryptocurrency, was down 0.54% at $119,298.87, trading near a record high reached earlier in the week. Ethereum rose 1.42% to $3,429.47 [1].

However, there are lingering concerns and political drama surrounding the bill. Twelve conservative Republicans initially blocked the bill, demanding it include a ban on Federal Reserve digital currencies. After a lengthy negotiation, the holdouts agreed to support the bill when leaders promised to attach the CBDC ban to a defense bill later this year. The bill has also drawn criticism from Democrats like Maxine Waters, who slammed it as "blessing corruption" due to Trump's personal stake in the USD1 stablecoin issued by his family's company, World Liberty Financial [2].

The passage of these crypto bills positions the U.S. to lead in crypto innovation and regulation, potentially accelerating stablecoin adoption across financial markets. Experts predict a "flood" of new stablecoins from banks and tech giants, boosting cross-border payments [2].

References:
[1] https://www.reuters.com/legal/government/us-house-sends-genius-act-stablecoin-bill-trump-sign-2025-07-17/
[2] https://www.livemint.com/news/us-news/donald-trump-poised-to-sign-crypto-s-big-bang-law-after-us-house-passes-landmark-genius-act-11752785368105.html
[3] https://www.morningstar.com/news/globe-newswire/1001118016/bjmining-cloud-mining-platform-capitalizing-on-the-opportunities-of-us-crypto-legislation