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Historic Crypto Legislation Passes House, Heads to President Trump for Signature

Historic Crypto Legislation Passes House, Heads to President Trump for Signature

Published:
2025-07-17 20:03:03
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BTCCSquare news:

The U.S. House of Representatives delivered a watershed moment for cryptocurrency regulation, passing two landmark bills with unexpected bipartisan support. The GENIUS Act, establishing a federal framework for stablecoins, cleared the chamber with 308 votes—including 102 Democrats breaking ranks. Its companion CLARITY Act, creating market structure rules for digital assets, defied expectations by securing 78 Democratic votes.

President TRUMP will sign the GENIUS Act tomorrow in what the White House calls a celebration of legislative progress. The rapid scheduling underscores the administration's enthusiasm for establishing regulatory clarity in digital asset markets. Market participants had braced for gridlock, making the bills' smooth passage particularly surprising.

Industry leaders immediately hailed the votes as transformative. The dual legislative victories suggest Washington may be overcoming its crypto paralysis, though implementation challenges remain. Both bills represent the first major regulatory frameworks for digital assets to reach a president's desk.

|Square

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