The House of Representatives today approved GENIUS, clearing the way for stablecoin act to go to President Trump for signature. It also passed CLARITY market structure legislation, sending it to the Senate.

US House passes CLARITY Act, bringing much-needed structure to the fragmented digital asset ecosystem and clarifying roles of SEC and CFTC.

Republicans who voted against the cryptocurrency regulation legislation said they objected to how the bills were structured.

The Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act) to establish stablecoin regulations has already passed the Senate. The Digital Asset Market Clarity Act (CLARITY Act), expected to have at least some bipartisan support, would have placed new federal guardrails on cryptocurrency.

United States Congressional lawmakers debate key pieces of crypto regulatory bills on the floor of the House of Representatives.

Crypto Week has seen U.S. lawmakers advance three key crypto bills, indicating a shift toward clear rules for stablecoins, tokens, and CBDCs.

A dozen House Republicans bucked Trump and Speaker Mike Johnson to prevent the legislation from advancing on the floor -- joining the entire Democratic caucus -- and, at least temporarily, freezing activity in the House. The final tally was 196-223.