House Sends GENIUS Act To Trump, Passes Two Other Crypto Bills

The GOP-led House passed a trio of bills on Thursday that are poised to have a tremendous impact on the cryptocurrency space in the United States.

Members voted 308-122 in favor of the GENIUS Act, a stablecoin regulation bill that already passed through the Senate. The legislation now heads to the White House, where President Donald Trump is expected to sign it. House lawmakers also approved the Digital Asset Market Clarity Act of 2025, legislation from Financial Services Chairman French Hill (R-AR) that aims to provide a “system of regulation” for digital commodity sales by the Securities and Exchange Commission and Commodity Futures Trading Commission, by a 294-134 vote.

“The Web 3 race is here, implementing clear regulations with CLARITY and GENIUS will protect consumers and ensure U.S. leadership in digital assets,” Rep. Bryan Steil (R-WI), chairman of the Crypto Subcommittee, said on X.

In addition, the Anti-CBDC Surveillance State Act, a measure that seeks to prohibit the Federal reserve banks from issuing their own digital currency or using one to implement monetary policy, prevailed in a 219-210 vote. That bill is set to be included in the National Defense Authorization Act (NDAA) as part of a deal with conservatives who held out during a procedural rule vote that lasted a record-breaking nine hours and 45 minutes.

“Attaching our Anti-CBDC Surveillance State Act to the NDAA will ensure unelected bureaucrats are NEVER allowed to trade Americans’ financial privacy for a CCP-style surveillance tool,” House Majority Whip Tom Emmer (R-MN) said in a post on X. “[Trump] has made it clear: our legislation is a key piece of our America First agenda, and we will deliver.”

Many, but not all, Democrats voted against the bills. In fact, nearly half of them voted for the Genius Act. Those who opposed the proposals warned they would benefit a Trump family crypto venture and possibly cause a financial calamity.

The “GOP crypto bills don’t just fail to protect consumers, they greenlight Trump’s billion-dollar crypto grift and invite the next financial crisis,” read a post on X from Rep. Maxine Waters (D-CA), the ranking member of the Financial Services Committee.

A handful of House Republicans voted against the GENIUS Act, too, amid concerns about it allowing a “back door” to a central bank digital currency one day that could infringe upon financial privacy — if the Senate ends up not approving the Anti-CBDC Surveillance State Act.

For now, Trump has an executive order that calls for policies that prevent a CBDC in the United States.

A bipartisan group of senators united in a 68-30 vote in June to pass the GENIUS Act. It seeks to create a framework for stablecoins, which are significant in digital asset exchanges and pegged to stable assets such as the U.S. dollar.

“The GENIUS Act will cement U.S. dollar dominance, protect customers, drive demand for U.S. Treasuries, & ensure that digital asset innovation happens in the U.S., not overseas,” Sen. Bill Hagerty (R-TN), the bill’s sponsor, said in a post on X. “With this bill, we are one step closer to becoming the global leader in crypto.”

White House Press Secretary Karoline Leavitt announced that a signing ceremony for the GENIUS Act was being planned for Friday afternoon.

“This piece of legislation is going to make America the crypto capital of the world, and that’s what the president promised,” Leavitt said.