US Crypto Week Delivers Landmark Regulatory Shift With GENIUS, CLARITY, and Anti-CBDC Acts
BY
Ben Graham
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This week will go down in US crypto history. The U.S. House passed three major bills, GENIUS, Clarity, and Anti-CBDC, shaping the next chapter of American crypto regulation. This will lead to big implications.
With billions in lobbying, stablecoins, regulatory wars, and digital dollar fears were front and center. The GENIUS Act is nearly law, while the CLARITY and Anti-CBDC Acts are in Senate limbo. Now, it’s a race against time and politics.
GENIUS Act Passes, Awaiting Trump’s Signature
The GENIUS Act, short for “Guiding and Establishing National Innovation for U.S. Stablecoin”, is the first major U.S. federal legislation to directly regulate stablecoins. All kinds of strict rules will apply from reserve mandates, AML rules, to mandatory transparency for issuers.
The goal is to make stablecoins safe and compliant without killing innovation. The House passed it with a divisive 308-122 vote.
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The Senate already gave it the green light, and now it is headed to President Trump’s desk for a signature. Rumors are swirling that Trump is backing it because of the World Liberty Financial. But with bipartisan support, the bill’s momentum was too strong to stop.
This bill is seen as a stabilizing force after past debacles like TerraUSD. It essentially forces stablecoin issuers to play by banking-level rules. Especially on reserves and disclosures. The crypto industry has mixed feelings; some cheer for clarity, and others fear overreach.
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One thing is clear that the GENIUS Act gives the US a regulatory template for crypto stablecoins at a time when global jurisdictions are racing to do the same. If signed into law, it could legitimize the use of USD-backed stablecoins across institutional and retail fronts. For now, eyes are on the Oval Office and President Trump to sign the deal.
CLARITY and Anti-CBDC Acts Pass House, Senate Battle Ahead
The CLARITY Act and Anti-CBDC Surveillance State Act cleared the House floor on the 17th of July, but they are not yet law. These two carry huge weight in the crypto world. The CLARITY Act aims to end the chaos over which agency SEC or the CFTC, calls the shots on crypto. It also includes consumer protections and hints at tailored rules for DeFi and stablecoins.
Backed by both the Financial Services and Agriculture Committees, it got solid bipartisan backing. But now it faces a steeper climb in the Senate, where political battle and possible amendments could slow or reshape the final version.
Anti-CBDC bill aims to permanently block any form of a U.S. central bank digital currency, citing surveillance concerns. Supporters fear government overreach and loss of financial privacy. Critics argue it could leave the U.S. behind in the global digital currency race. With a narrow 27-22 committee vote before hitting the floor, it shows how divisive the issue remains.
The next roadblock is the Senate. Unlike the GENIUS Act, these bills don’t yet have clear Senate backing. Depending on amendments or procedural delays, it could either stall or evolve into something different.
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