Revolution in the crypto market: Trump passes GENIUS and CLARITY Acts!

Revolution in the crypto market: Trump passes GENIUS and CLARITY Acts!

On Thursday, July 19, 2025, the GENIUS Act was passed in the US Congress and signed by Donald Trump just one day later. This ceremony was held in the presence of major figures in the crypto industry, including Paolo Ardoino from Tether and Brian Armstrong from Coinbase. The GENIUS Act is one of the first crypto bills passed under the Trump administration and is intended to bring the crypto sector to mass adoption.

This was joined by the CLARITY Act, which also passed the House of Representatives. While the GENIUS Act aims to broadly promote the crypto market, the CLARITY Act aims to create a clearer regulatory framework for digital assets. In its updated versions, the CLARITY Act introduces a new category of “tradable assets,” expanding the jurisdiction of the Commodity Futures Trading Commission (CFTC).

Regulatory developments and new regulations

The CLARITY Act's progress comes from the House Financial Services and Agriculture Committees, which advanced the bill with clear majorities. The Agriculture Committee approved the act on June 10 with a 47-6 vote, while the Financial Services Committee supported the bill with a 32-19 vote. An outstanding innovation is the introduction of tradable assets that are not classified as digital commodities.

Additionally, the CLARITY Act provides exemptions for non-controlling blockchain developers, exempting them from fund transfer requirements as long as they do not have access to customer funds. Broker-dealers must also disclose how digital assets will be treated in the event of bankruptcy.

SEC and DeFi activities

In the context of these developments, the Securities and Exchange Commission (SEC) recently hosted a panel entitled “DeFi and the American Spirit.” The aim of the event was to discuss the applicability of federal securities laws to decentralized systems. SEC Chairman Paul Atkins warned that applying securities laws to software developers simply because of the release of code is not justified. He emphasized that creating a rational regulatory framework for crypto markets is a priority of his term.

Additionally, the Office of the Comptroller of the Currency (OCC) unveiled its policy agenda for responsible digital assets, a move that can be seen as a sign of an increasingly structured approach to dealing with crypto assets. The nominations of key positions such as Michelle Bowman to the Federal Reserve and Brian Quintenz to the CFTC chairmanship also illustrate the government's focus on crypto-related issues.

Overall, the GENIUS Act and the CLARITY Act show that the US government is actively working to create a clear legal framework for the crypto market. In the long term, this legislation could lead to crypto technologies and digital assets gaining wider acceptance in the financial landscape.

Important details about developments in the crypto sector can be found in the reports from BTC ECHO and Paul Hastings.