U.S. House of Representatives passes three cryptocurrency bills before August recess in historic victory for industry

The U.S. House of Representatives voted on three major digital asset-related bills as part of the Republican Party's "crypto week" plan, and all passed.
At the House of Representatives plenary session on the 17th (local time), the △Digital Asset Market Clarity Act (CLARITY Act) was passed by a vote of 294 to 134.
The GENIUS bill passed by a vote of 308 to 122. The semi-supervised CBDC bill also passed by a narrow margin of 219 to 210.
The measure restarts a legislative agenda that was delayed by Republican backlash over central bank digital currencies (CBDCs).
The bills received bipartisan support despite opposition from some Democrats. They are expected to be acted on before Congress goes on summer recess in August, and about 80 Democrats have voted in favor of them.
More than 100 voted in favor of the LARITY Act and the GENIUS Act. Republicans have positioned these three bills as key legislative issues that support former President Trump's cryptocurrency policy.
But the backlash continued for hours on Wednesday as some Republicans refused to debate the bill package before it explicitly included a blanket ban on CBDC development in the United States.
The cryptocurrency industry is calling the House passage of the bill a historic victory for the industry. In particular, the CLARITY Act and the GENIUS Act received bipartisan support.
We believe that this achievement will be an important milestone in the development of the future market structure and stablecoin regulatory regime.
Meanwhile, the bill that faced the most opposition, the “Anti-Surveillance CBDC Bill,” remains bipartisan.
At the center of the ideological conflict is former Commodity Futures Trading Commission (CFTC) Commissioner and Blockchain Association CEO Summer Melsinger.
Mersinger said, "The bill supports privacy protections, market competition, and individual financial freedom."