Following the House of Representatives’ decision on Thursday to advance three pieces of crypto-related legislation, one of which is anticipated to become law shortly, U.S. cryptocurrency investors took a step toward greater legal certainty.
The House vote now forwards the Genius Act, a stablecoin regulation measure that was previously approved by the Senate, to the executive branch for ratification. Cryptocurrencies that have their value tied to another asset, usually the US dollar, are known as stablecoins.
The Senate has yet to vote on the Digital Asset Market Clarity Act of 2025 and the Anti-CBDC Surveillance State Act.
Crypto markets surged after President Donald Trump won the election last year after he made a campaign pledge to support the sector. The three new proposals might provide investors in cryptocurrencies the concrete changes they’ve been hoping for from the Trump administration regarding the regulation of cryptocurrencies.
According to FactSet statistics, Bitcoin reached a record high of $123,165.67 on Monday and remained stable following the House vote, trading at about $118,535. The cryptocurrency was up 27% so far this year. Solana fell 1.3% to $172.51 on Thursday, while Ether increased 0.3% to $3,391.29.
Because the Federal Reserve might be able to monitor how its cryptocurrency is used, the Anti-CBDC Surveillance State Act forbids the Fed from launching its own digital currency. In addition to distinguishing between what is regulated by the Securities and Exchange Commission and the Commodity Futures Trading Commission, the Digital Asset Market Clarity Act of 2025 seeks to define what constitutes a digital commodity and what constitutes an investment.
“Stu Alderoty, president of the National Cryptocurrency Association, told that three-quarters of the 55 million Americans who own and use cryptocurrency think it’s important for this country to have smart crypto laws and regulations.”
Clear laws, according to Alderoty, might help safeguard cryptocurrency users and possibly foster trust among non-users.
According to him, any law based on the principles of accountability, openness, disclosure, and auditability offers the fundamental consumer safeguards to which everyone wishing to participate in the cryptocurrency market ought to be entitled.
However, not everyone believes that the cryptocurrency business has won big. Even if stablecoin legislation is passed later this week, Terry Haines, founder of the forecasting company Pangaea Policy, stated that markets shouldn’t be fooled by the hoopla created by the cryptocurrency industry: “crypto has no Washington momentum.”
This marks the end of cryptocurrency’s gains for the foreseeable future and the only one,” Haines noted in an email remark. “A short sugar high that quickly fades once reality sets in is the most that cryptocurrency-interested investors experience.”
A procedural vote that failed put the House’s intentions to vote on the three proposals on Tuesday on hold. The proposals were passed Thursday afternoon after the House met again on Wednesday and opted to revisit them.
U.S. versus E.U.
In some respects, these laws bring the U.S. crypto business closer to other crypto markets, but there are still some significant differences, according to Przemysław Kral, CEO of the European cryptocurrency exchange Zondacrypto.
In terms of CBDC in particular, these draft legislation are similar to Europe’s MiCA regulation. This law is important because it changes the strategy: Kral noted in an email that Trump and Republicans support the growth of the private market in cryptocurrency as opposed to digital currencies created by central banks. A balance between private sector innovation and central bank regulation is the aim. This is unlike other central banks, which strive to regulate and manage digital money.
Kral pointed out that some investors used to think that crypto laws were restrictive a few years ago. Regulation is now viewed as essential to giving cryptocurrency marketplaces respectability. Regulation is seen favorably by certain investors in the cryptocurrency sector.
Although consumer protection is the main goal of crypto regulation, there are several additional uses for it as well. Large institutions were looking for stability and trust, which it provides. ETFs demonstrated what occurs when regulations are explicit and major participants enter the market, according to Kral.
A long road
According to Kral, the introduction of spot bitcoin exchange-traded funds to the public in early 2024 contributed to the increase of institutional and individual investors in cryptocurrency markets. Inflows into Bitcoin ETFs, such as BlackRock’s iShares Bitcoin Trust, surged prior to the cryptocurrency’s most recent all-time high.
Cryptocurrency fans may find encouragement in the fact that the U.S. government is taking cryptocurrency seriously with this batch of legislation, though others believe that the law might go even farther by incorporating these technologies.
This debate has to change from one about “who regulates what” to one about “how do we best regulate using the technology itself?” The blockchain NGO BSV Association’s worldwide public policy director, Bryan Daugherty, said. This entails the need for technological standards for immutable metadata tools, real-time audits, and on-chain disclosures.
The Clarity Act is only the beginning of regulating the digital assets area, according to Daugherty; the next step is to ensure that laws support the use of blockchain technology to improve consumer safety. That may result in a more noticeable shift for the whole financial sector.
