The U.S. House Committee on Financial Services released statements from Chairman French Hill after the U.S. House of Representatives passed three digital asset-related bills covering a broader regulatory framework for digital assets, rules for payment stablecoins, and a prohibition on creating a U.S. central bank digital currency (CBDC). The CLARITY Act passed 294 to 134 and was described as establishing “clear rules of the road” through a functional regulatory framework for digital assets. The GENIUS Act passed 308 to 122 and was positioned as providing clarity for payment stablecoins, with Hill pointing to a push to send legislation to the President by August and signaling an expectation of near-term enactment and subsequent regulatory implementation work. The Anti-CBDC Surveillance State Act passed 219 to 210 and was framed as safeguarding privacy by prohibiting the creation of a CBDC in the United States. Hill indicated continued work with the U.S. Senate and President Trump to enact the CLARITY Act, and expressed an expectation that President Trump would sign the GENIUS Act into law in short order.
U.S. Financial Services Committee 2025-07-17
U.S. House Committee on Financial Services chairman French Hill welcomes House passage of the CLARITY Act, GENIUS Act and Anti-CBDC Surveillance State Act
The U.S. House Committee on Financial Services passed three digital asset-related bills: the CLARITY Act, the GENIUS Act, and the Anti-CBDC Surveillance State Act. The CLARITY Act establishes a regulatory framework for digital assets, the GENIUS Act provides clarity for payment stablecoins, and the Anti-CBDC Act prohibits creating a U.S. central bank digital currency. Chairman French Hill anticipates collaboration with the Senate and President Trump for enactment and implementation.