In a significant legislative push, the U.S. House has passed three major cryptocurrency bills, signaling a dramatic shift in the nation’s digital asset policy.
The votes reflect rare bipartisan alignment and growing political momentum around blockchain regulation, stablecoin oversight, and opposition to central bank digital currencies.
The centerpiece of the package is the Digital Asset Market Clarity Act, approved by a 294–134 vote. The bill outlines how the SEC and CFTC will share oversight of digital assets and is now headed to the Senate, where a heated debate is expected. A key addition to the bill includes language banning the Federal Reserve from issuing a retail-facing central bank digital currency — a controversial move that narrowly passed as a standalone provision before being folded into the broader legislation.
Another measure, the GENIUS Act, passed with a strong 308–122 majority. The bill mandates that U.S.-issued stablecoins be fully backed by cash or equivalents and introduces audit requirements for issuers with large market caps. With bipartisan backing, it’s likely to be signed into law by President Trump within days.
Industry voices were quick to celebrate the votes. “America is ready to lead in digital finance,” said Blockchain Association CEO Summer Mersinger, while Coinbase President Emilie Choi called the outcome “a giant step forward” for crypto innovation in the U.S.
Supporters in Congress echoed those sentiments. Republican Sen. Tim Scott praised the GENIUS Act as a major win for financial innovation and consumer protection, noting that it aligns with Trump’s broader goal of establishing U.S. dominance in digital payments.
But the legislation wasn’t without controversy. Democratic lawmakers raised ethical concerns over President Trump’s deep involvement in crypto ventures — including token launches and mining investments — which reportedly earned his family over $600 million. Rep. Maxine Waters warned of unchecked conflicts of interest and criticized the Clarity Act for lacking provisions to prevent sitting officials from profiting off crypto.
Meanwhile, SEC Chair Paul Atkins, a Trump appointee, endorsed the GENIUS Act, saying it provides a workable regulatory foundation for stablecoin development, including safeguards against systemic risk.
The week leading up to the votes saw late-night negotiations and intense backchannel talks. Sources confirmed that Trump personally intervened to push for the CBDC ban’s inclusion in the Clarity bill, despite opposition from some GOP leaders. A final compromise secured enough support to send all three bills forward.
With the legislative package now in the hands of the Senate, the spotlight turns to what could become a defining battle over the future of digital finance in the United States.
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics.
Source: https://coindoo.com/sec-coinbase-blockchain-association-welcome-crypto-bills-amid-political-storm/