U.S. House Passes Sweeping Clarity and GENIUS Acts

The U.S. House of Representatives has passed a trio of groundbreaking cryptocurrency bills aimed at establishing comprehensive federal oversight of digital assets, including stablecoins and broader crypto market infrastructure.

On Thursday, lawmakers approved the Digital Asset Market Clarity Act, the GENIUS Act for stablecoin regulation, and the Anti-CBDC Surveillance State Act.

These legislative efforts mark a significant step toward formalizing crypto regulation in the United States.

Alongside the Clarity Act, the House also passed the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act, which creates a framework specifically for stablecoin issuance and compliance.

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House Clears Path for Landmark Crypto Bills: Vote Set for Thursday

The Clarity Act, which received strong bipartisan support with a 294-134 vote, outlines how authority over digital assets should be shared between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). It also imposes new requirements on crypto companies, such as providing financial disclosures to retail users and separating customer and company funds.

All three bills now head to the Senate, where further debate and potential amendments await.

Kosta Gushterov

Kosta has been working in the crypto industry for over 4 years. He strives to present different perspectives on a given topic and enjoys the sector for its transparency and dynamism. In his work, he focuses on balanced coverage of events and developments in the crypto space, providing information to his readers from a neutral perspective.