The bills received bipartisan support, which could help them advance when the session resumes
Just before heading into the August recess, the US House of Representatives approved three major cryptocurrency-related bills that have been central to Republican policy efforts. The votes, which saw bipartisan participation despite clear divisions, reflect growing interest in shaping how digital assets are regulated in the country.
Yesterday, lawmakers voted in favor of the Digital Asset Market Structure (CLARITY) Act, which passed with a 294-134 tally. This bill is designed to create a clearer framework for how cryptocurrencies are regulated and traded. The Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act followed, earning broader support with a 308-122 vote. This legislation addresses how stablecoins are issued and supervised.
The most divisive of the three was the Anti-CBDC Surveillance State Act, narrowly passing 219-210. This bill aims to block the development of a central bank digital currency (CBDC), a topic that has drawn strong reactions from both sides of the aisle.
Despite some resistance, especially from Democrats like Representative Maxine Waters, nearly 80 Democrats voted in favor of the CLARITY Act, and over 100 supported the GENIUS Act. Waters warned that these proposals could weaken financial safeguards and increase risk to consumers, referencing the 2008 financial crisis as a cautionary example.
The Anti-CBDC bill received the least Democratic support and remains a controversial issue. Supporters argue it protects individual privacy and promotes financial freedom, while critics see it as an unnecessary block on innovation.
The bills now head to the Senate, where further debate and amendments are likely. Trump allies have indicated he’s ready to sign the GENIUS Act, assuming it remains unchanged after its earlier approval in the Senate. Industry voices have largely praised the House votes, viewing the progress as a step forward for US crypto policy.
