It has been an important day for the cryptocurrency community. Following President Donald Trump’s pledge to transform America into the world’s Crypto Capital, Congress took steps to introduce and approve legislation aimed at stabilizing the marketplace, safeguarding asset privacy, and protecting crypto accounts from government interference.

The Clarity Act, the GENIUS Act, and the Anti-CBDC Surveillance State Act were all passed by the House on Thursday. As reported by RedState, the GENIUS Act had previously cleared the Senate but encountered a procedural obstacle in the House of Representatives on Wednesday, with 12 Republicans casting “NO” votes. Following an evening meeting with President Trump, several members consented to push the bill forward to a full House vote. On Thursday, it was approved by the full House with a 308-122 vote. The bill will now be sent to President Trump for his signature.

Crypto has officially moved from a unique niche in the financial world to the mainstream of financial markets.

I just signed the landmark legislation passed today by House Republicans to strengthen American crypto innovation.

The CLARITY Act, GENIUS Act, and Anti-CBDC Surveillance State Act fulfill President Trump’s goal of making cryptocurrency a fundamental element of the U.S. economy and ensuring… pic.twitter.com/rnJgq3KaV2

— Speaker Mike Johnson (@SpeakerJohnson) July 17, 2025

I just signed the landmark legislation passed today by House Republicans to strengthen American crypto innovation. 

The CLARITY Act, GENIUS Act, and Anti-CBDC Surveillance State Act deliver on President Trump’s vision to make crypto a core pillar of the U.S. economy and ensure America remains the global leader in this dynamic industry.

One of the three bills, legislation to regulate a type of cryptocurrency called stablecoins, had already passed the Senate with broad bipartisan support and will now head to Trump’s desk. The other two bills — a broader measure to create a new market structure for cryptocurrency and a bill to prohibit the Federal Reserve from issuing a new digital currency — will go to the Senate.

The stablecoin bill, passed on a 308-122 vote, sets initial guardrails and consumer protections for the cryptocurrency, which is tied to a stable asset, often the U.S. dollar, to reduce price volatility. It passed the Senate with bipartisan support in June.

“Around the world, payment systems are undergoing a revolution,” said House Financial Services Chair French Hill of Arkansas as lawmakers debated the stablecoin legislation Thursday morning. Hill said the bill will “ensure American competitiveness and strong guardrails for our consumers.”

One hundred and two Democrats joined with 306 Republicans. Four of the Republican “NO” votes from Wednesday remained, particularly Rep. Marjorie Taylor Greene (R-GA). Despite the passage of the anti-CBDC bill and Speaker Johnson’s commitment to add this language into the National Defense Authorization Act (NDAA), Greene still considered the bill a Trojan Horse to create a central digital currency.

I will not vote for this.

The only way to guarantee a ban on a central bank digital currency is through law.

The GENIUS Act does not ban CBDC or maintain people’s chain of custody.

Revelations 13:16-17 pic.twitter.com/Br9iFFSn3p

— Rep. Marjorie Taylor Greene🇺🇸 (@RepMTG) July 16, 2025

Critics say the Federal Reserve or other government entities could impose massive surveillance capabilities to monitor crypto transactions, similar to practices in countries like China that have central bank digital currencies (CBDC).

In response to opposition from some Republicans, House GOP leadership agreed to take up a separate measure called the Anti-CBDC Surveillance State Act, which passed 218-210 in a near-party-line vote.

Reps. Jared Golden (D-Maine) and Shri Thanedar (D-Mich.) joined 216 Republicans in endorsing the measure.

The trifecta of bills included the Clarity Act and the anti-CBDC Act. The Clarity Act was crafted to clarify the boundaries and responsibilities between the Securities and Exchange Commission (SEC) and the Commodities Futures and Trading Commission (CFTC) when it comes to digital currency. The Clarity Act passed with a 294-134 vote and will move onward to the Senate.

The House just passed a bill I sponsored to prohibit the Federal Reserve from issuing a Central Bank Digital Currency.

This will stop the emergence of CCP-style surveillance and control that would threaten the liberty and privacy of every American. pic.twitter.com/zubwbSTq9v

— Rep. Kevin Kiley (@RepKiley) July 17, 2025

Crypto community members and industry advocates see the CLARITY Act as foundational for trust, market stability, and institutional adoption of crypto assets.

Crypto Week may have hit some rough snags, but headed into Friday, it appears to be ending with a bang.