HMN 2025: How US House passes landmark crypto measures in win for Trump

The US House of Representatives on Thursday handed three landmark cryptocurrency payments, fulfilling the Trump administration’s dedication to the once-controversial business.

Lawmakers simply accredited the CLARITY Act, which goals to determine a clearer regulatory framework for cryptocurrencies and different digital property.

The invoice is designed to make clear business guidelines and divide regulatory authority between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC).

It will now advance to the Senate, where Republicans maintain a slim majority.

House legislators additionally readily handed the GENIUS Act, which codifies the usage of stablecoins—cryptocurrencies pegged to steady property just like the US greenback or US bonds.

This invoice is anticipated to go on to President Trump for his signature to turn into legislation.

The Senate handed the GENIUS Act final month, and it units necessities corresponding to mandating that issuers maintain reserves of property equal in worth to their excellent cryptocurrency.

“This historic laws will carry our cost system into the twenty first century. It will make sure the dominance of the US greenback. It will enhance demand for US Treasuries,” mentioned Senator Bill Hagerty, the measure’s sponsor within the Senate.

This wave of laws follows years of skepticism towards crypto, pushed by the idea that the sector, born from bitcoin’s success, ought to be tightly managed and stored separate from mainstream buyers.

However, after crypto buyers contributed tens of millions of {dollars} to his presidential marketing campaign final 12 months, Trump reversed his earlier doubts in regards to the business.

He even launched a Trump meme coin and different ventures as he ready for his return to the White House and hosted a gala dinner for the coin’s prime patrons as soon as he was in workplace.

And in accordance with the Financial Times, Trump is now making ready to open the $9 trillion US retirement market to cryptocurrency investments in addition to gold, and personal fairness.

Notably, each the CLARITY Act and the GENIUS Act garnered vital bipartisan help, with Democrats additionally having seen a rise in lobbying and contributions from the crypto business.

“It’s critically necessary we carry extra certainty to {the marketplace} with clear guidelines of the highway,” mentioned congressman Josh Gottheimer, a Democrat who supported the payments.

Since taking workplace, Trump has made a number of strikes to help the crypto sector, together with appointing crypto advocate Paul Atkins to guide the SEC.

He additionally established a federal “Strategic Bitcoin Reserve” to audit the federal government’s bitcoin holdings, primarily accrued by way of legislation enforcement’s judicial seizures.

Forbes journal estimates that the president’s foray into the crypto enterprise has doubled his wealth to $5.3 billion in only one 12 months.

In a largely partisan vote, the Republican-led House additionally handed the Anti-CBDC Surveillance State Act.

It goals to dam the issuance of a central financial institution digital foreign money (CBDC)—a digital greenback issued by the US Federal Reserve—even when there presently are not any plans for such an endeavor.

Republicans argue {that a} CBDC may allow the federal authorities to watch, monitor, and doubtlessly management personal residents’ monetary transactions, thereby undermining privateness and civil liberties.

Passage of this measure within the Senate is way from assured earlier than it will possibly go to the president’s desk.

An earlier try and put aside the anti-CBDC invoice triggered a major stir amongst a small group of Republicans and delayed passage of the opposite two payments till eleventh-hour lobbying by Trump helped resolve the difficulty.

© 2025 AFP