US Advances Crypto Regulation: CLARITY, GENIUS Acts Passed, CBDC Blocked
The US House has passed three landmark crypto regulation bills this week. First, the CLARITY Act (294–134) defines whether tokens fall under the SEC or CFTC, bringing digital asset market clarity. Second, the GENIUS Act (308–122), now law after President Trump’s July 18 signature, creates the first US regulatory framework for dollar-backed stablecoins—mandating full reserve backing, monthly audits, AML checks and consumer protections. Third, the Anti-CBDC Surveillance State Act (219–210) blocks the Federal Reserve from issuing a digital dollar. While the CLARITY and Anti-CBDC bills now head to the Senate, early market reaction was mixed: Bitcoin (BTC) stayed above $118,000 and Ethereum (ETH) hovered near $3,500. Traders should watch new stablecoin issuer approvals, reserve disclosures, Senate votes and pending rule-making for potential impacts on market structure, stablecoin compliance and the broader digital finance ecosystem.
Bullish
Regulatory clarity from the CLARITY Act and the formal framework for stablecoins under the GENIUS Act reduce uncertainty and boost investor confidence. By defining oversight and mandating full reserves, AML checks and audits, these measures support market stability and encourage institutional participation. Blocking a CBDC also preserves demand for existing cryptocurrencies. Short-term volatility may arise around Senate votes and rule-making, but long-term prospects for digital asset adoption and price appreciation remain positive.