Global Crypto Community Reacts as U.S. Passes Landmark Digital Asset Bills

In a historic week for digital assets, the U.S. House of Representatives passed three major cryptocurrency-related bills, signaling a pivotal moment for crypto regulation. The Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act, the first crypto law ever passed by Congress, now heads to President Trump for signing. Meanwhile, the Digital Asset Market CLARITY Act, focused on regulatory market structure, advances to the Senate with a target passage date of September 30. A third bill, opposing central bank digital currencies (CBDCs), passed the House and will be attached to the National Defense Authorization Act.

House Financial Services Chair French Hill celebrated the bipartisan victories, calling CLARITY “landmark legislation” that protects consumers and boosts American innovation. Senate Banking Chair Tim Scott hailed GENIUS as a milestone for U.S. leadership in payment innovation, while Democratic Senator Kirsten Gillibrand praised its bipartisan success.

The crypto industry also welcomed the news. Circle’s Dante Disparte said the House vote affirms U.S. leadership in stablecoin regulation, while Anchorage Digital CEO Nathan McCauley noted the importance of clear asset classifications for integrating crypto into traditional finance.

Advocacy groups offered mixed reactions. Ji Hun Kim of the Crypto Council for Innovation called GENIUS a “watershed moment,” while Blockchain Association CEO Summer Mersinger said the bill creates enforceable rules for stablecoins. However, critics like Consumer Reports’ Chuck Bell and Americans for Financial Reform’s Mark Hays warned of inadequate consumer protections and a regulatory framework shaped by crypto lobbying.

The bills mark a turning point in U.S. crypto policy, establishing clearer rules for stablecoins and digital asset markets while sparking ongoing debate over the role of government and innovation in the digital financial future.