U.S. House OKs procedural vote on cryptocurrency bills

U.S. House OKs procedural vote on cryptocurrency bills

The U.S. House of Representatives has approved a procedural vote on three significant cryptocurrency bills, marking a pivotal moment in the ongoing debate over digital asset regulation. The bills, which include the Guiding and Establishing National Innovation for US Stablecoins Act (GENIUS Act), the Digital Asset Market Clarity Act (CLARITY Act), and the Anti-CBDC Surveillance State Act, are expected to establish a regulatory framework for digital assets, clarify jurisdictional divides, and prevent the issuance of a central bank digital currency (CBDC) by the Federal Reserve.

The approval of the procedural vote comes amidst a week designated as "Crypto Week" by the White House, which aims to discuss and potentially pass these bills. President Trump has shown strong support for the bills, emphasizing their potential to position the U.S. as a global leader in digital assets [2].

The GENIUS Act, one of the key bills under consideration, aims to create a regulatory framework for stablecoins, which are pegged to the U.S. dollar. This bill has received bipartisan support and could significantly boost the stablecoin market and legitimize the asset class. The CLARITY Act seeks to clarify the regulatory jurisdiction between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), while the Anti-CBDC Act aims to prohibit the Federal Reserve from issuing a CBDC, addressing concerns over potential government surveillance [3].

The approval of the procedural vote marks a significant step forward for the crypto industry, which has been eagerly awaiting regulatory clarity. The market's reaction to the legislative push has been positive, with Bitcoin achieving new all-time highs, driven by optimism surrounding the pending U.S. legislation and growing institutional adoption [2].

The outcome of these bills could significantly shape the future of digital asset regulations and the role of the U.S. in the global crypto ecosystem. As the House of Representatives prepares to vote on these bills this week, the focus will be on whether the legislation can gain the necessary support to move forward.

References:
[1] https://www.politico.com/live-updates/2025/07/15/congress/house-hardliners-tank-procedural-vote-for-crypto-defense-bills-00454418
[2] https://www.ainvest.com/news/bitcoin-news-today-bitcoin-surges-2-123-000-crypto-legislation-push-2507/
[3] https://beincrypto.com/crypto-week-us-crypto-bills/