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Crypto crisis in Washington: blockade overcome – laws passed!
US House of Representatives Passes Major Crypto Bills After Long Blockade. Impact on stablecoins and CBDCs expected.
Crypto crisis in Washington: blockade overcome – laws passed!
On July 19, 2025, a significant breakthrough in cryptocurrency regulation occurred in the US House of Representatives. Voting on three crypto bills was stalled for more than nine hours after hardliners within Republicans refused to support them. The conflict arose from fears of a central bank digital currency (CBDC). Conservative Republicans demanded a law banning CBDCs as a condition of their approval.
After tough negotiations, the party leaders managed to reach a compromise. Republican Majority Leader Steve Scalise announced that the ban on a CBDC will be included in the National Defense Authorization Act (NDAA), increasing the likelihood of the law's passage. With this promise, the hardliners finally agreed, which made the vote on the crypto laws possible.
Details about the laws
The vote on the legislative package was passed with 217 votes to 212. It includes theCLARITY Act, theGENIUS Actand thatAnti-CBDC Surveillance Act. The GENIUS Act creates federal rules for dollar-backed stablecoins, requiring issuers to back their coins with liquid reserves such as US dollars or US treasuries. They must also disclose the composition of their reserves on a monthly basis. This bill has already passed the Senate by a vote of 68-30.
The CLARITY Act clarifies the responsibilities of the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) with respect to digital assets. It defines which digital assets are considered commodities or securities, with decentralized blockchains falling under the regulatory oversight of the CFTC and investment contracts required to be filed with the SEC.
The Anti-CBDC Act, on the other hand, prohibits the Federal Reserve Bank from offering products or services directly to private individuals and prevents them from using or testing a central bank digital currency for monetary policy. These laws were discussed in an ethos surrounding innovation in the digital asset sector.
Reactions and effects
Crypto Week, declared July 14-18, 2025, has already sparked positive market reactions, including price increases in Bitcoin, Ethereum and crypto stocks such as Circle and Coinbase. Speaker Mike Johnson emphasized the importance of clear rules for US innovation leadership in the digital asset sector. Consumer protection organizations welcome the clarifications in the CLARITY Act, but warn of potential disadvantages for smaller projects.
Some critics of the anti-CBDC act raise concerns about possible surveillance risks from a government-run digital dollar system. However, analysts expect that banks will soon be allowed to issue stablecoins, which could make access to DeFi infrastructure much easier. Passage of all three bills would hand comprehensive regulation of digital assets to President Trump for his signature.
The breakthrough in the House of Representatives is seen as an important milestone victory for the crypto industry and shows that progress can be made in the regulatory landscape despite the delays. Further details about the laws can be found at The shareholder and Coinspeaker.