Obstructed Crypto Legislations, including the GENIUS Act, Halts in U.S. House: "The Senate Failed..."
## Current Status of Crypto Bills in 2025: A Review
In the ever-evolving world of cryptocurrency, the landscape of regulatory bills has seen significant movement in the year 2025. Here's a rundown of the key bills and their current status:
### The GENIUS Act (S. 1582)
The Growing Economic Security and Investment for the Long-term (GENIUS) Act, designed to regulate stablecoins and their issuance and exchange, has made its way through both the Senate and the House. It is now awaiting President Donald Trump's signature to become law.
Initially, a procedural motion to advance the bill faced opposition from some Republicans, resulting in a failed vote on July 16, 2025. However, the bill subsequently passed the House with a vote of 308-122.
### The CLARITY Act (H.R. 3633)
The CLARITY Act, which aims to determine whether a crypto asset is a security or a commodity, has also passed the House with a vote of 294-134. This bill is now awaiting consideration in the Senate.
### Anti-CBDC Surveillance State Act (H.R. 1919)
This bill, aimed at preventing the Federal Reserve from issuing a U.S. central bank digital currency (CBDC) to consumers, has also passed the House with a vote of 219-210. It is currently being considered by the Senate.
While the search results do not provide specific information about the events of July 15, 2021, the recent developments in 2025 indicate progress in the legislative process for these bills.
### Notable Provisions
- The GENIUS Act sets rules for stablecoin issuers, aiming to protect consumers from a digital bank run. - The CLARITY Act would oversee assets by the U.S. Securities and Exchange Commission (SEC) or the Commodity Futures Trading Commission (CFTC).
### Impact on Crypto Stocks
The legislative snag has had an impact on crypto stocks, with shares of the Circle Internet Group, issuer of the stablecoin USD Coin [USDC], falling by 4.58% on July 15, 2021, and Coinbase, the largest U.S.-based crypto exchange, seeing its shares fall 1.5% on the same day.
It is important to note that the events of July 15, 2021, are not specifically detailed in the provided search results. However, the recent developments in 2025 indicate progress in the legislative process for these bills, offering a glimpse into the future of cryptocurrency regulation.
- The Growing Economic Security and Investment for the Long-term (GENIUS) Act, which regulates stablecoins and their issuance and exchange, is now awaiting President Donald Trump's signature to become law, following its successful passage through the House and the Senate.
- The CLARITY Act, which aims to determine whether a crypto asset is a security or a commodity, has passed the House with a vote of 294-134 and is currently being considered by the Senate.
- The Anti-CBDC Surveillance State Act, aimed at preventing the Federal Reserve from issuing a U.S. central bank digital currency (CBDC) to consumers, has passed the House and is currently being deliberated upon in the Senate.
- The recent developments in 2025, including the passage of the GENIUS Act and the CLARITY Act, have had an impact on crypto stocks, with shares of Circle Internet Group and Coinbase falling on certain days in response to the legislative progress.
