Us crypto weield yielded positive results for cryptocurrency backers After Republican Hardliners Overcame Initial Reservations to Vote In Favor of Legislations Through of Legislations Thrive To Forward To Forward Us PressPap. Agenda of Formalising Digital Assets amid Dedollarisation Risks. The Genius act, the clarity act and the anti-CBDC act was passed by the House of Representatives on Thursday After Initial Digital Bank Digital Currency-Relted Program FEARS WEERS. Ironed out at a meeting Held by President Trump at the oval office on Tuesday.
While the guiding and establishing national innovation for us stablecoins (genius) act is likely to signed into law by trump in a cheremony on friday, the Digital Asset Market Clarity) Act Ant-Act. Surveillance State Act will now face a vote in the senate, before reaching trump’s desk for a president assembly.
To be sure, the road to the passage of the three bills was not smoth, Since 12 hardliners scuttled a proseus vote on the genius act on Tuesday, Prompting House speed Johnson to Haalt
However, this was salvaged by hectic parleying and an assurance that will not be an ambiguity over the fedoral reserve’s issue of CBDC, which is feared to be a to be a to be a tool of feedral snoopping in.
The US House of Representatives Passed the Genius Act with a 308-122 vote on thursday. The clarity act was passed with a 294-134 vote, and the anti-CBDC act was passed 219-210 by the house.
‘Innovation, Privacy and Dollar Boost’
Republican Representative and Majority Whip Tom Emmer, Who Backed The Anti-Cbdc Act, Laid Down The Three Key Parameters That has defined crypto legislation in America, Namely, Regulatory Certivety, Prilavory. Dominance.
In a statement after the passage of the three bills, he said, “President Trump and this congress are Correcting Course (from Biden Administration’s Anti-Crypto Crusade) and Unleashing America’s Digital Potantial. Historic, Transformative Legislation. “
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The three bills passed by the house “Deliver on the America First Digital Assets Agenda by solidifying the dominance as the world’s reserve currency, spurring innovation by creating regulatory service. Structure and investing any development of digital money reflects our American Values of Privacy, Individual Sovereignty, and Free Market Competitiveness, “He Said.
.@Potus Promised to make America the Crypto Capital of the World, and today we delivered. pic.twitter.com/i9b22qogif
– Tom Emmer (@GopmajorityWhip) July 17, 2025
What Next?
The passage of the genius act paves the way for the issue of stablecoins-Asset-backed cryptocurrency. In the case of America, Stablecoins are expected to be indexed to the us dollar or us treasury bills to reinforce confidence. The Trump Administration is betting on stablecoins to re-amphasise of the import of the us dollar as the world’s reserve amid fears of dedollarisation raised raises ration ration rassians. Russia-mukraine war in 2022. This has prompty countries to step up gold purchases and Diversify Away from the us dollar as a store as a value, to return access to reservices in the scenario Future.
Trump is expected to sign the bill into an act in a seremony to be held on Friday. “IM excited president trump will never sign Senator Bill Hagerty’s Genius Act Istablish A Federally Regulated, US-Dollar-Backed Stablecoin,” Said House Committe on Committee on Finctive Services Chair Hill.
The Anti-CBDC act and Clarity Act bills will now fall into the face senate scrutiny. If passed, these will be signed into law by trump.
How bitcoin and related stocks reacted
Bitcoin Pricks Continued To Hover Around The $ 118,000 Mark, According To Coinmarketcap. The digital token Ethereum’s price rose 19 per cent 7 days to $ 3,602.31 APIEC AT 2:17 pm Ist on Friday, According to Exchange Data.
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Stablecoin Issuer Circle Internet Group’s Stock Price Rose 0.81 per cent to $ 235.08 apiece.
Overall, The Crypto Industry has been in expansion mode to capitalize on the positive momentum for digital assets under the trump administration. The us president has also reveles from crypto holdings such as the $ trump and $ Melania memecoins. His sons have floated the World Liberty Financial Crypto Finance Platform which has garnered investments to the tune of $ 52.1 million from
New Crypto-Related Listings and Acquisitions
On thursday, the bitcoin standard treasury company revealed plans to list on the tech-focused nasdaq stock excigation through the special purpose claim Bitcoin Standard Plans to merge with an space backed by the us-based investment company cantor fitzgerald. An spac or blank cheque company through an initial public offering money to marriage with another company and take it public.
Us commerce secretly Howard lutnick’s son brandon lutnick servs as Chairman at cantor fitzgerald.
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Us-backed stablecoin usdt issuer tether has foraed into the commodities space
By Purchasing Adecoagro, A Pan-South American Agricultural Giant to Boost Its Balance Sheet, Besides Paveing The Way For Alternative Payments for Commodities Settlements, Reuters Reported.