House Approves Debate on GENIUS, CLARITY & CBDC Bills
On July 17, 2025, the US House passed H.Res.580 by a tight 217–212 vote, setting rules to debate three major crypto bills: the GENIUS Act for stablecoin oversight, the CLARITY Act defining SEC vs. CFTC jurisdiction, and the CBDC Anti-Surveillance Act banning a Federal Reserve digital dollar. An earlier H.Res.580 motion had failed 196–223 after five Republicans raised CBDC concerns, but GOP leaders then folded ban language into the CLARITY Act. No Democrats backed the procedural vote, calling it a ‘crypto giveaway’ to former President Trump. With the H.Res.580 hurdle cleared, the House will soon resume full debate and final votes, potentially sending the bills to the Senate and President this week. Traders should monitor H.Res.580 progress, crypto regulation clarity, and the CBDC ban for potential market impact.
Bullish
The House’s approval of H.Res.580 signals a shift toward clearer crypto regulation, reducing uncertainty around stablecoin rules, SEC vs. CFTC oversight, and CBDC competition. By advancing debate on these bills, lawmakers may enhance legal frameworks that underpin market confidence. In the short term, volatility could tick up around final votes, but long-term clarity on stablecoin oversight and a CBDC ban would support bullish sentiment for major tokens as regulatory risks diminish.