Crypto Vote Today Passed! Here’s What Went Down

The U.S. House of Representatives made history during "Crypto Week," passing major crypto legislation, including the GENIUS Act, now signed by President Trump. This marks a big win for the crypto industry, setting new rules for digital assets. Let’s break down what happened and why it matters.

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What’s the Big Deal with Crypto Week?

The House dubbed the week of July 14, 2025, "Crypto Week," focusing on three crypto bills: the GENIUS Act, the Digital Asset Market Clarity Act, and the Anti-CBDC Act. 

These aim to regulate the fast-growing crypto market, especially stablecoins, and clarify oversight. The votes faced drama but ultimately passed, shaping the future of digital finance.

Why Stablecoins Matter

Stablecoins, like those pegged to the U.S. dollar, are less volatile than other cryptocurrencies, making them a safer bet for investors and traders. 

They’re used to move funds quickly across tokens and could revolutionize payments by cutting fees and borders. The GENIUS Act targets this $250 billion market.

Read Also: Trump’s Crypto Pivot, Market Correction & Strategic Insights for Founders

The GENIUS Act: Regulating Stablecoins

The Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act sets a framework for stablecoins. 

It requires issuers to back tokens with liquid assets like dollars or Treasury bills and disclose reserves monthly. This builds trust, encouraging banks and retailers to adopt stablecoins.

How It Passed

The GENIUS Act sailed through the House with a 308-122 vote, backed by 102 Democrats and 206 Republicans. 

It already passed the Senate in June, so Trump signed it into law on July 18, 2025, calling it a step toward making the U.S. the "crypto capital of the world."

The Digital Asset Market Clarity Act

The Clarity Act, passed 294-134, defines whether a crypto token is a security (under the SEC) or a commodity (under the CFTC). 

This clarity helps crypto firms avoid strict securities laws, easing operations. It now heads to the Senate, but its path is less certain.

Why It’s Controversial

Some Democrats, like Rep. Maxine Waters, worry the Clarity Act favors Trump’s crypto ventures, like World Liberty Financial, which issued its own stablecoin, USD1. 

Critics say it lacks strong consumer protections and could enable lax regulation.

Read Also: Crypto Legislation 2025: What the GENIUS Act Means for the Market and the Environment

The Anti-CBDC Act

The Anti-Central Bank Digital Currency (CBDC) Act, passed 218-210, bans the Federal Reserve from issuing a CBDC. Critics fear CBDCs could enable government surveillance. 

To win over conservative holdouts, House leaders tied this bill to the must-pass National Defense Authorization Act.

Conservative Pushback

Thirteen Republicans, including Reps. Marjorie Taylor Greene and Chip Roy, initially blocked the bills, demanding a CBDC ban. 

After a record nine-hour vote standoff, they flipped their votes when the Anti-CBDC Act was linked to the NDAA, allowing all three bills to advance.

Trump’s Role in the Crypto Push

President Trump, once a crypto skeptic, now champions it, pushing for the U.S. to lead in digital assets. 

His family’s stake in World Liberty Financial raised conflict-of-interest concerns, but the White House insists his assets are in a trust managed by his children. Trump’s lobbying flipped holdouts, ensuring passage.

Industry Cheers, Critics Warn

The crypto industry, which spent over $119 million on pro-crypto candidates in 2024, celebrated the votes. Blockchain Association CEO Summer Mersinger called it a “defining moment.” 

But critics like Sen. Elizabeth Warren argue the laws lack safeguards, potentially risking consumer safety.

What’s Next for Crypto?

With the GENIUS Act signed, regulators have six months to set detailed rules. The Clarity and Anti-CBDC Acts await Senate approval, which could be tricky. 

Stablecoins may soon become mainstream, with banks like JPMorgan eyeing their own coins, reshaping finance.

Potential Impact

The laws could boost competition, lower payment fees, and integrate crypto into traditional finance. However, critics warn of weak oversight and potential corruption, urging stronger protections. The crypto market, hitting $4 trillion post-vote, shows the industry’s excitement.

Read Also: GENIUS Act to be Voted on: What Will be the Result?

Conclusion

The passage of these bills, especially the GENIUS Act, marks a turning point for crypto in the U.S. They promise clearer rules and mainstream adoption but spark debates over regulation and conflicts. As the Senate reviews the remaining bills, the U.S. aims to solidify its place as a crypto leader.

FAQ

What does the GENIUS Act actually do?

It regulates stablecoins by requiring full reserves, monthly disclosures, and backing assets like USD or Treasuries to build trust and drive adoption.

Why does the Clarity Act matter for crypto tokens?

It defines whether a token is a security (SEC) or commodity (CFTC), giving crypto firms clearer legal lanes and fewer compliance headaches.

Is the U.S. really banning CBDCs?

If passed by the Senate, yes, the Anti-CBDC Act blocks the Fed from launching a digital dollar, citing privacy and surveillance concerns.

How did these crypto bills even pass?

After political drama and last-minute deals, like linking the CBDC ban to the defense budget, all three bills made it through the House.

What happens next with stablecoins?

Regulators have 6 months to finalize the GENIUS Act rules. Big banks may soon launch their own coins, shaking up the payments game.

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