The U.S. House of Representatives approved key cryptocurrency legislation on Thursday, marking a significant shift in how digital assets are regulated in the country.
The passage of two major bills — the Clarity Act and the GENIUS Act — reflects growing bipartisan support and aligns with the Trump administration’s evolving stance on the crypto industry.
The Clarity Act, which easily passed, aims to establish a defined regulatory framework for cryptocurrencies, assigning oversight responsibilities to both the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). The bill now heads to the Senate, where Republicans maintain a slim majority, according to news agencies.
In a parallel move, the House also passed the GENIUS Act, legislation focused on stablecoins — digital currencies backed by assets like the U.S. dollar.
The bill enforces reserve requirements for issuers and formalizes their use within the financial system. Since the Senate had already approved the GENIUS Act last month, it is now poised to be sent directly to President Donald Trump for signing.
These legislative efforts mark a turning point for a sector long viewed with skepticism by Washington. Once critical of crypto, Trump shifted his stance after major campaign contributions from industry backers.
He has since appointed pro-crypto figure Paul Atkins as SEC chairman and established a Federal Strategic Bitcoin Reserve to oversee government-held digital assets seized through legal action.
