Congressional Action on Cryptocurrency
Legislative Efforts to Enact a Digital Assets Regulatory Framework
In July 2025, the U.S. House of Representatives announced “Crypto Week” to highlight congressional efforts to regulate cryptocurrency and ensure the U.S. remains the world’s leader in innovation. During the week, the House considered the GENIUS Act, the CLARITY Act, and the Anti-CBDC Surveillance State Act. On July 17, 2025, Congress enacted the GENIUS Act (S. 1528), by a vote of 308 to 122, providing a clear regulatory framework for the issuance of payment stablecoins — a payment product previously offered in the U.S. with little, if any, federal oversight. President Trump signed the Act into law on July 18….
