In a major move for the crypto industry, the US House of Representatives has passed three significant cryptocurrency-related bills, signaling a shift in the regulatory landscape ahead of the August congressional recess. The Digital Asset Market Clarity (CLARITY) Act passed with a 294-134 vote, the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act saw stronger support with 308-122, and the Anti-CBDC Surveillance State Act narrowly passed at 219-210.

The CLARITY Act is designed to define the structure of the digital asset market, while the GENIUS Act provides a framework for stablecoins in the United States. The Anti-CBDC Act aims to block the creation of a US central bank digital currency (CBDC), citing concerns over financial surveillance.

Despite opposition from high-profile Democrats, including Representative Maxine Waters, more than 100 Democrats supported the GENIUS Act and nearly 80 backed CLARITY. Waters warned that these bills could “create loopholes” and risk another financial crisis under the guise of innovation.

The Anti-CBDC bill received the least bipartisan support, highlighting growing division over privacy and government control in digital finance. Still, many in the crypto space hailed the bill's passage as a step forward. Blockchain Association CEO Summer Mersinger praised the anti-CBDC measure for protecting financial freedom and privacy.

The GENIUS Act is expected to be signed by former President Donald Trump, who has voiced support for rapid crypto adoption. The other two bills now head to the Senate for debate and potential revisions before final approval.