U.S. House Approves Landmark Crypto Legislation: GENIUS and CLARITY Acts Head to President

The U.S. House of Representatives has passed the GENIUS and CLARITY Acts, marking a pivotal moment for cryptocurrency regulation. The GENIUS Act, which establishes rules for stablecoins, cleared the House with a 308-122 vote and now moves to President Trump's desk. Minority Leader Hakeem Jeffries joined over 100 Democrats in supporting the bill, signaling rare bipartisan consensus on treating crypto as "real money."

The broader CLARITY Act passed 294-134, outlining registration and compliance frameworks for crypto firms across regulatory agencies. While 78 Democrats crossed party lines to support it, Jeffries notably opposed this bill after backing GENIUS. Opposition voices like Maxine Waters warned the legislation could create financial instability and regulatory gaps exploitable by the Trump administration.

These votes culminate months of intense lobbying and internal Democratic disputes over crypto's regulatory future. The industry gains long-sought clarity as Washington moves to integrate digital assets into the financial mainstream.