U.S. House Passes Cryptocurrency Bills

On July 17 local time, the U.S. House of Representatives passed the "Guidance and Establishment of U.S. Stablecoin National Innovation Act" (Genius Act) with 308 votes in favor and 122 against, marking a major legislative reform for crypto regulation. The bill will be sent to President Trump, who is expected to sign it into law.  

Additionally, the House passed a broader cryptocurrency market structure bill, the "Clarity Act," with 294 votes in favor and 134 against.

This proposal, aimed at creating a more comprehensive and industry-friendly regulatory framework for digital assets, will be forwarded to the Senate for review.