US Crypto Week Brings Historic Regulatory Change with GENIUS, CLARITY, and Anti-CBDC Initiatives
This week is set to be a pivotal moment in the history of digital currency in the U.S. The U.S. House successfully passed three significant pieces of legislation: GENIUS, Clarity, and Anti-CBDC, which will define the future landscape of crypto crypto law in America. This will have substantial ramifications.
Amidst billions spent on lobbying, stablecoins, regulatory conflicts, and worries surrounding a digital dollar took center stage. The GENIUS Act is nearly a law, while the CLARITY and Anti-CBDC Acts await action in the Senate. It’s now a contest against time and political maneuvering.
GENIUS Act Approved, Awaiting Trump’s Signature
The GENIUS Act, meaning “Guiding and Establishing National Innovation for U.S. Stablecoin”, represents the first major federal legislation in the U.S. aimed at regulating stablecoins directly. Stringent regulations will be applied, including reserve requirements, AML regulations, and required transparency for issuers.
The objective is to ensure stablecoins are secure and compliant while fostering innovation. It passed in the House with a contentious 308-122 vote.
This significant bill will modernize our payment system for the 21st century. It will reinforce the U.S. dollar’s prominence. It will boost interest in U.S. Treasuries.
I eagerly await @POTUS signing GENIUS into law –… pic.twitter.com/NmQMVHZGls
— Senator Bill Hagerty (@SenatorHagerty) July 17, 2025
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The Senate has already approved it, and now it’s waiting for President Trump’s signature. Speculation suggests Trump is supportive due to World Liberty Financial. However, with bipartisan enthusiasm, the bill’s momentum proved too significant to halt.
This legislation is viewed as a means to stabilize the market after previous failures like TerraUSD. It imposes banking-level standards on stablecoin issuers, particularly concerning reserves and disclosures. The crypto community has mixed opinions; some welcome the clarity while others worry about excessive control.
In May 2022, one of the leading crypto projects, which had billions locked in value, disappeared in a matter of days.
This incident was not just a shortcoming; it served as a cautionary tale.
TerraUSD (UST) was not a traditional stablecoin. Unlike USDT or USDC, it lacked backing… pic.twitter.com/C0JGNnHO8S
— Decentralized finance Philic
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It is evident that the GENIUS Act provides the U.S. with a framework for regulating stablecoins at a time when international jurisdictions are hastily trying to develop their own. If it becomes law, it may validate the use of USD-backed stablecoins across both institutional and retail landscapes. Currently, all eyes are on the Oval Office for President Trump to finalize the agreement.
CLARITY and Anti-CBDC Acts Clear House, Senate Struggles Ahead
The CLARITY Act and Anti-CBDC Surveillance State Act were approved by the House on July 17, yet they have not become law. These two hold significant importance in the crypto arena. The CLARITY Act aims to resolve confusion regarding whether the SEC or the CFTC governs crypto compliance. It also includes measures for consumer security and suggests specific regulations for Decentralized finance and stablecoins.
With price floor from both the Financial Services and Agriculture Committees, it received robust bipartisan backing. However, it now confronts a tougher challenge in the Senate, where political conflicts and potential amendments could delay or alter the final outcome.
The GENIUS Act is now on President Trump’s desk for signing tomorrow afternoon at the White House. pic.twitter.com/f42VfXuT59
— Cointelegraph (@Cointelegraph) July 17, 2025
The Anti-CBDC bill seeks to permanently prohibit any U.S. central bank cryptocurrency, citing privacy and surveillance concerns. Advocates worry about government overreach and a loss of financial confidentiality. Detractors contend that it may hinder the U.S.’s standing in the global crypto asset landscape. With a narrow 27-22 vote from the committee before coming to the floor, it highlights how contentious the topic remains.
The next hurdle is the Senate. Unlike the GENIUS Act, these bills are still seeking clear price floor from the Senate. Depending on amendments or procedural obstacles, they could either falter or transform into something new.
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The article US Crypto Week Marks a Pivotal Regulatory Shift With GENIUS, CLARITY, and Anti-CBDC Acts originally appeared on 99Bitcoins.
