- Main event: U.S. House passes procedural vote for crypto bills.
- Bills impact stablecoins, regulatory oversight. Final vote pending.
- Trump influenced passage; amendments address CBDC concerns.
The U.S. House of Representatives passed a crucial procedural vote on July 17 for several cryptocurrency-related bills in Washington, D.C., clearing the path for final votes. This action highlights significant potential impacts on the digital asset industry.
The vote follows direct intervention by former President Donald Trump, reflecting the growing influence of cryptocurrency in U.S. politics.
U.S. House Advances Crypto Bills Amid Trump’s Influence
The U.S. House of Representatives has made significant progress on key cryptocurrency bills, thanks to a successful procedural vote. This follows a previous deadlock, with significant involvement from House Republican leadership. Former President Trump played a pivotal role, using his influence to resolve the impasse.
The legislation aims to bring clarity to stablecoin regulations and clarify the SEC and CFTC’s roles. Industry stakeholders are keen to understand how these changes will alter their operations.
Statements from key figures express support and emphasize concerns. Former President Trump called crypto a “very powerful industry”, while Harris from the Freedom Caucus highlighted the importance of protecting financial privacy. These reactions underscore the political weight of the cryptocurrency sector.
Bitcoin Price Rises as Legislative Clarity Nears
Did you know? The U.S. digital asset market’s pursuit of regulatory clarity echoes the 2023 FIT21 Act, which caused temporary volatility among major tokens like Bitcoin and Ethereum.
Bitcoin (BTC) currently trades at $118,841.11, with a market cap of formatNumber(2364146159618.00,2) trillion as of July 16, 2025, according to CoinMarketCap. BTC’s 24-hour trading volume fell by 27.68%, although prices rose by 1.02%. Its current market dominance stands at 62.31%, showing notable gains in recent months.
Experts from the Coincu research team suggest these legislative developments may enhance institutional participation by providing clearer regulatory frameworks. By analyzing historical trends, the team anticipates possible positive impacts on stablecoins and broader crypto adoption.
| DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
Source: https://coincu.com/349082-us-house-advances-crypto-legislation/