Trump Scores Major Win as House Passes Landmark Crypto Bills
The U.S. House of Representatives has approved three major cryptocurrency bills, marking a significant political and policy victory for President Donald Trump and signaling a dramatic shift in Washington’s stance toward digital assets.
Among the measures passed Thursday is the CLARITY Act, designed to provide a comprehensive regulatory framework for cryptocurrencies by clearly defining oversight roles between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). The bill now heads to the Senate, where Republicans hold a narrow majority.
Lawmakers also passed the GENIUS Act, which sets standards for stablecoins—digital assets backed by fiat currencies or government securities. This bill, already cleared by the Senate, is now set to be signed into law by President Trump. Proponents say it will modernize the U.S. financial system, protect dollar dominance, and bolster demand for U.S. Treasuries.
“This historic legislation will bring our payment system into the 21st century,” said Senator Bill Hagerty, who sponsored the GENIUS Act.
The legislation comes after Trump reversed his previous skepticism toward crypto, following significant support and donations from the digital asset industry during his re-election campaign. His administration has since hosted a White House Crypto Summit and launched various initiatives—including a meme coin and a Strategic Bitcoin Reserve to oversee government-held cryptocurrency seized through law enforcement actions.
Forbes recently estimated Trump’s crypto ventures have doubled his wealth to over $5.3 billion in just a year.
In a related move, the House also passed the Anti-CBDC Surveillance State Act, aimed at banning any potential U.S. central bank digital currency (CBDC). Though the bill’s future in the Senate remains uncertain, supporters argue a digital dollar could enable government overreach into personal finances.
Despite its partisan origins, the crypto package gained notable bipartisan support, with several Democrats citing the need for regulatory clarity amid growing lobbying efforts from the crypto industry.
“This is about providing certainty and security in a fast-growing market,” said Democratic Congressman Josh Gottheimer.
Trump’s push for crypto-friendly reforms now appears poised to open new financial frontiers—including retirement markets—to digital assets, gold, and private equity, as he continues positioning the U.S. as a global leader in blockchain innovation.
