CLARITY Act Passes House
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Two of the legislations — the GENIUS Act and the CLARITY Act — were passed with significant bipartisan support.
If passed, the bills could lead to new ways to use the currencies, corporate adoption, and institutional investment.
The US House advances debates on key US crypto legislation, including bills on stablecoins, digital asset oversight, and anti-CBDC measures.
The crypto industry has scored a historic win this week after the stablecoin bill was cleared by the U.S. House and set for President Donald Trump’s final approval into law. House lawmakers voted 308-122 to adopt the GENIUS Act.
GENIUS Act, Anti-CBDC Act, and CLARITY Act pass procedural vote 215-211 in Congress after Trump's Oval Office intervention.
The bills aim to define Bitcoin as a commodity, block a Federal Reserve issued CBDC, and regulate stablecoins while protecting decentralized assets.
The Clarity Act (HR 3633), the legislation that aims to provide guidance on how different digital assets are regulated and which agency has oversight, is
Congress defines the Genius Act, also known as the Guiding and Establishing National Innovation for US Stablecoins, as providing "regulation of payment stablecoins" making it "unlawful for any person other than a permitted payment stablecoin issuer to issue a payment stablecoin in the United States."