Well, folks, it looks like crypto has decided to swap its flip-flops for some big boy shoes in Washington. Three landmark bills just strutted through the House, laying down some serious ground rules for U.S. dominance in digital assets. Congrats to stablecoins and blockchain innovation for finally getting their moment under the spotlight! 📈
3 Crypto Bills Clear House—Wall Street and Washington Are Now Aligned
On July 17, the House of Representatives pulled off a major coup by passing three cryptocurrency bills. Imagine that! A room full of politicians, who probably thought “blockchain” was a new thriller movie, finally realized they should probably sort this whole regulatory thing out. It’s good to know that they’re finally getting with the times—or at least trying! 😅
The Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act sailed through with a resounding 307–122 votes. It’s like the bill just won a popularity contest, and now it’s off to President Trump’s desk! This bill lays down standards for U.S. dollar–backed stablecoins, including reserve requirements and not-so-shocking consumer protections—because surprise! People actually want to be protected when dealing with money! 💵🛡️
Meanwhile, the Digital Asset Market Clarity Act of 2025 (CLARITY Act) passed 294–134 and is now making its way to the Senate, eager to clarify who’s boss between the Commodity Futures Trading Commission (CFTC) and the U.S. Securities and Exchange Commission (SEC). It’s like a sibling rivalry, but with far more complex financial jargon! 🤷♂️
In an unexpected shower of optimism, White House Crypto Czar David Sacks took to social media, declaring: “Massive wins for crypto in the House.” Imagine his celebratory dance, featuring jazz hands and all! Senator Tim Scott chimed in with a bold statement, calling the GENIUS Act a game-changer for innovation and consumer protections—because we all know how much politicians love to protect consumers… when it’s photo-op time! 📸
Meanwhile, the Anti-CBDC Surveillance State Act also passed, with a nail-biting vote of 219-210. Apparently, some representatives decided they’d had enough of the Federal Reserve thinking it could issue a central bank digital currency. “Not on my watch!” exclaimed Majority Whip Tom Emmer’s office, channeling a bit of a superhero vibe there. 🦸♂️
Gemini co-founder Tyler Winklevoss (yes, the one from Facebook fame) called it “a huge day for crypto, U.S. dollar dominance, and America.” Because when in doubt, just throw “America” in there and watch the flags fly! 🇺🇸 House Republicans are riding this wave of success like they just found the last slice of pizza at a party, declaring that the GENIUS Act is headed to the President’s desk. Nothing like a little legislative competition to spice things up! 🍕
Ripple CEO Brad Garlinghouse waxed poetic about the last major financial regulation bill being passed 15 years ago (yes, that sounds ancient) and how the GENIUS Act will stamp the U.S.’s name in bold, shimmering letters in the world of innovative finance. “This moment is historic,” he said, probably while wearing a toga and throwing confetti. Who doesn’t enjoy a good celebration? 🎉
GENIUS ready to be signed into law. CLARITY heading to the senate next. We are getting incredibly close to finally having clear rules for crypto to grow this industry in the United States of America.
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2025-07-18 02:57