After days of uncertainty and political drama, ‘Crypto Week’ in the U.S. House concluded with a clean sweep, as lawmakers passed all the major bills on the agenda. One can only imagine the sighs of relief and the celebratory drinks that followed this legislative marathon. 🥂
On July 18, 2025, the U.S. House of Representatives, in a moment of rare bipartisan unity, passed the trio of landmark crypto bills, clearing a significant hurdle for digital asset regulation. The votes came after intense negotiations and a week of political standoffs that would have made even the most seasoned observer of human folly scratch their head. 🤔
Leading the pack was the Digital Asset Market Clarity (CLARITY) Act, which passed with a bipartisan 294-134, with 78 Democrats in support. This bill aims to settle the long-running turf war between the SEC and CFTC by defining clear rules for which assets fall under which agency’s jurisdiction. One can almost hear the collective groan of the agencies as they realize they will have to play nicely together. 😅
Next came the GENIUS Act, which promises the first federal framework for stablecoins. It cleared the chamber with an even wider margin of 308-122, including 102 Democratic votes. The bill’s passage was met with a chorus of applause and, no doubt, a few raised eyebrows. 🙄
The third, the Anti-CBDC Surveillance State Act, was the tightest of the three, passing 219-210 with only two Democrats on board. The bill bans the Federal Reserve from issuing a U.S. central bank digital currency, a proposal that sparked fierce debate over privacy and government overreach. The debate was so heated that one could almost smell the smoke from the political battlefield. 🔥
The greenlight of the bills followed a major defeat earlier in the week when Congress failed to advance all three. Several representatives opposed the bills as not addressing consumer protection and raised concerns over possible conflicts of interest tied to President Trump’s digital asset ventures. The political theater was as entertaining as it was exhausting. 🎭
With all three bills now through the House, the focus shifts to the next steps in the legislative process. The GENIUS Act has already cleared the Senate and is now headed to Trump’s desk. The president, ever the showman, made his pro-stance clear, suggesting that there will be no delays from his end.
“Get it to my desk, ASAP — NO DELAYS, NO ADD ONS. This is American Brilliance at its best, and we are going to show the World how to WIN with Digital Assets like never before,” he said back in June. One can almost hear the echo of his words in the halls of power. 📢
A signing ceremony is scheduled for Friday, which will make the stablecoin bill the first major crypto law in U.S. history. It will require issuers to hold 1:1 reserves, submit to regular audits, and comply with both state and federal oversight. The industry is abuzz with excitement, as if a new chapter in the American saga is about to begin. 📖
For the CLARITY Act and Anti-CBDC bill, both will now proceed to the Senate. CLARITY is expected to advance, though tweaks around SEC and CFTC oversight could emerge. The Anti-CBDC measure faces a tougher path, given its narrow support and strong opposition from privacy advocates in the Senate. The political landscape is as unpredictable as ever, and one can only speculate on the twists and turns that lie ahead. 🌪️
Industry members are cheering the developments as a breakthrough moment. Ripple CEO Brad Garlinghouse called the passage of the GENIUS Act “historic,” saying it sets the U.S. up as a global innovation leader. The optimism is palpable, like the first rays of sunlight after a long, dark night. 🌅
However, opposition remains. U.S. Senator Elizabeth Warren, a long-standing industry critic, recently antagonized the bills as “not doing anything,” criticizing that they could “blow up” the economy if not properly enforced. Such a stance signals potential hurdles ahead, but industry sentiment remains optimistic that the U.S. is finally entering the long-awaited pro-crypto regulatory era. The future, it seems, is both bright and uncertain. 🌟❓
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2025-07-18 12:18