US House passes market structure bill as crypto week continues
2025-07-17 19:52:59
Main Idea
The US House of Representatives passed the Digital Asset Market Clarity (CLARITY) Act to establish a market structure for cryptocurrencies, with bipartisan support, as part of a broader 'crypto week' legislative agenda.
Key Points
1. The US House passed the CLARITY Act with a 294-134 vote, aiming to create a regulatory framework for cryptocurrencies.
2. Nearly 80 Democrats supported the Republican-led bill, indicating bipartisan backing.
3. The legislation is part of a 'crypto week' initiative, reflecting efforts to advance crypto-related policies swiftly.
4. Additional bills under consideration include the GENIUS Act for stablecoin regulation and the Anti-CBDC Surveillance State Act to restrict CBDC development.
5. President Trump reportedly intended to sign the GENIUS Act by Friday if no amendments were made after its Senate passage in June.
Description
The first of three bills on Republicans’ crypto agenda passed with bipartisan support despite continued pushback from Democrats over claims of corruption and conflicts of interest.
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