The U.S. House of Representatives overwhelmingly approved the CLARITY Act on Thursday, a landmark bill that outlines a regulatory framework for cryptocurrencies and digital assets—delivering a major victory for the Trump administration’s pro-crypto stance.
The bill, designed to end years of regulatory ambiguity, establishes clear rules by dividing oversight responsibilities between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). It now heads to the Senate, where Republicans hold a narrow majority.
Alongside the CLARITY Act, lawmakers also passed the GENIUS Act, which provides formal recognition and regulation of stablecoins—digital currencies pegged to assets like the U.S. dollar. The Senate had already approved the GENIUS Act last month, and it now awaits President Donald Trump’s signature.
The GENIUS Act mandates that stablecoin issuers maintain reserves equal to the value of their outstanding tokens, ensuring financial backing and investor security.
This wave of legislation marks a dramatic shift in Washington’s approach to crypto. For years, the industry was met with skepticism and concerns over investor risk, fraud, and volatility. But with digital asset companies pouring millions into last year’s election cycle, and President Trump now openly backing the sector, momentum has shifted.
Trump has reversed his earlier doubts and launched multiple crypto ventures—including a Trump-themed meme coin—as part of his broader digital finance agenda. Among his most significant moves: appointing longtime crypto advocate Paul Atkins as chairman of the SEC and creating a federal Strategic Bitcoin Reserve to audit the government’s holdings, much of which were acquired through legal seizures.
Another crypto-related bill, the Anti-CBDC Surveillance State Act, is also under consideration in the House. The measure seeks to block the development of a central bank digital currency (CBDC), arguing such a currency would allow the federal government to track or control personal financial transactions, posing a threat to privacy and civil liberties.
The bill faces tougher odds in the Senate but remains a priority for House Republicans. A brief procedural dispute over the anti-CBDC measure had earlier delayed votes on the CLARITY and GENIUS Acts but was resolved without derailing the larger legislative package.
If the Senate follows through, these bills would mark the most comprehensive U.S. crypto regulations to date—and cement the Trump administration’s pivot toward embracing digital assets.
