US Crypto Week yielded optimistic outcomes for cryptocurrency backers after Republican hardliners overcame preliminary reservations to vote in favour of a raft of legislations which are anticipated to ahead US President Donald Trump’s agenda of formalising digital property amid dedollarisation dangers. The GENIUS Act, the CLARITY Act and the anti-CBDC Act have been handed by the Home Of Representatives on Thursday after preliminary variations over central financial institution digital currency-related privateness fears from hardliners have been ironed out at a gathering held by President Trump on the Oval Workplace on Tuesday.
Whereas the Guiding and Establishing Nationwide Innovation for US Stablecoins (GENIUS) Act is more likely to be signed into regulation by Trump in a ceremony on Friday, the Digital Asset Market Readability (CLARITY) Act and the Anti-CBDC Surveillance State Act will now face a vote within the Senate, earlier than reaching Trump’s desk for a presidential assent.
To make sure, the street to the passage of the three payments was not clean, since 12 hardliners scuttled a procedural vote on the GENIUS Act on Tuesday, prompting Home Speaker Mike Johnson to halt the method.
Nonetheless, this was salvaged by hectic parleying and an assurance that there won’t be an ambiguity over the Federal Reserve’s issuance of CBDC, which is feared to be a device of federal snooping within the arms of bureaucrats.
The US Home of Representatives handed the GENIUS Act with a 308-122 vote on Thursday. The CLARITY Act was handed with a 294-134 vote, and the Anti-CBDC Act was handed 219-210 by the Home.
‘Innovation, privateness and greenback enhance’
Republican consultant and Majority Whip Tom Emmer, who backed the Anti-CBDC Act, laid down the three key parameters which have outlined crypto laws in America, particularly, regulatory certainty, privateness and greenback dominance.
In a press release after the passage of the three payments, he stated, “President Trump and this Congress are correcting course (from Joe Biden administration’s anti-crypto campaign) and unleashing America’s digital asset potential with historic, transformative laws.”
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The three payments handed by the Home “ship on the America First digital property agenda by solidifying the greenback’s dominance because the world’s reserve forex, spurring innovation by creating regulatory certainty with clear market construction and making certain any improvement of digital cash displays our American values of privateness, particular person sovereignty, and free market competitiveness,” he stated.
.@POTUS promised to make America the crypto capital of the world, and right now we delivered. pic.twitter.com/I9B22QogIF
— Tom Emmer (@GOPMajorityWhip) July 17, 2025
What subsequent?
The passage of the GENIUS Act paves the best way for the issuance of stablecoins — asset-backed cryptocurrency. Within the case of America, stablecoins are anticipated to be listed to the US greenback or US Treasury payments to bolster confidence. The Trump administration can be betting on stablecoins to re-emphasise the significance of the US greenback because the world’s reserve forex amid fears of dedollarisation raised after the US froze Russian property after the onset of the Russia-Ukraine Warfare in 2022. This has prompted international locations to step up gold purchases and diversify away from the US greenback as a retailer of worth, to retain entry to reserves within the situation of a unilateral asset freeze sooner or later.
Trump is predicted to signal the invoice into an Act in a ceremony to be held on Friday. “I’m excited President Trump will quickly signal Senator Invoice Hagerty’s GENIUS Act into regulation establishing a federally regulated, U.S.-dollar-backed stablecoin,” stated Home Committee on Monetary Companies Chairman French Hill.
The Anti-CBDC Act and CLARITY Act Payments will now face Senate scrutiny. If handed, these will probably be signed into regulation by Trump.
How bitcoin and associated shares reacted
Bitcoin costs continued to hover across the $118,000 mark, based on CoinMarketCap. The digital token Ethereum’s value rose 19 per cent over the previous 7 days to $3,602.31 apiece at 2:17 pm IST on Friday, based on change information.
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Stablecoin issuer Circle Web Group’s inventory value rose 0.81 per cent to $235.08 apiece.
General, the crypto business has been in enlargement mode to capitalise on the optimistic momentum for digital property underneath the Trump administration. The US president has additionally revealed earnings from crypto holdings such because the $TRUMP and $MELANIA memecoins. His sons have floated the World Liberty Monetary crypto finance platform which has garnered investments to the tune of $52.1 million from throughout the globe in its token $WLFI.
New crypto-related listings and acquisitions
On Thursday, the Bitcoin Commonplace Treasury Firm revealed plans to checklist on the tech-focused Nasdaq inventory change via the particular goal acquisition firm mode. Bitcoin Commonplace plans to merge with an SPAC backed by the US-based funding firm Cantor Fitzgerald. An SPAC or clean cheque firm raises via an preliminary public providing cash to merge with one other firm and take it public.
US Commerce Secretary Howard Lutnick’s son Brandon Lutnick serves as chairman at Cantor Fitzgerald.
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US-backed stablecoin USDT issuer Tether has forayed into the commodities house
by buying Adecoagro, a pan-South American agricultural big to spice up its steadiness sheet, apart from paving the best way for different funds for commodities settlements, Reuters reported.