17-7-2025 – The U.S. House of Representatives pushed several major cryptocurrency bills into final voting stage following a marathon session that ended with a narrow 217-212 procedural vote, with Republican lawmakers successfully demanding anti-CBDC clauses in the National Defense Authorization Act.

The legislative package includes the CLARITY Act and GENIUS Act, both expected to receive bipartisan support in upcoming floor votes. The CLARITY Act aims to clarify regulatory roles for digital assets like Bitcoin and Ethereum, while the GENIUS Act establishes a comprehensive framework for stablecoin regulation. Industry observers note that stablecoin issuers and DeFi protocols are closely monitoring developments, as the legislation could significantly increase confidence and investment in compliant protocols.

The House Financial Services Committee emphasized the bills’ importance, stating the legislation is “vital to ensuring America is at the forefront of innovation in the digital asset space.” Market participants responded positively to the legislative progress, with Ethereum surging to $3,462.17 according to CoinMarketCap data, representing a 117.93% gain over 90 days and pushing its market capitalization to $417.93 billion.

The procedural advancement follows months of debate over cryptocurrency regulation, with the close vote margin highlighting ongoing political divisions despite growing bipartisan recognition of the need for regulatory clarity in digital assets.