Main Points :
- The U.S. Congress has resumed activity, reigniting momentum for key crypto bills such as the CLARITY Act, GENIUS Act, and Anti‑CBDC Act.
- GENIUS Act has become law, establishing firm federal standards for stablecoins.
- The CLARITY Act passed the House and aims to define jurisdiction between SEC and CFTC.
- The Anti‑CBDC Surveillance State Act opposes a central bank digital currency.
- SEC is advancing pro‑crypto regulatory reforms to foster innovation while clarifying token classifications.
- Vice President and crypto-friendly officials reaffirm government support for deregulation and digital asset growth.
1. Congress Returns and Crypto Bills Resurface
Following a recess, both chambers of the 119th U.S. Congress reconvened, revitalizing scrutiny of pivotal legislation impacting the blockchain and cryptocurrency sectors. This includes the CLARITY Act, GENIUS Act, and Anti‑CBDC Surveillance State Act—each aimed at defining clear regulatory boundaries for digital asset markets.
2. The GENIUS Act: Stablecoin Regulation Established
In July 2025, Congress approved the GENIUS Act (Guiding and Establishing National Innovation for U.S. Stablecoins Act), and President Trump signed it into law. The law mandates that stablecoins be backed one‑for‑one by U.S. dollars or similarly low‑risk assets. It also introduces requirements for reserves, audits, transparency, and a dual federal‑state supervisory framework. This marks a milestone in U.S. crypto regulation by providing long‑awaited clarity to stablecoin issuers.
3. CLARITY Act: Clarifying Regulatory Oversight
The Digital Asset Market Clarity Act of 2025 (CLARITY Act) passed the House by bipartisan vote (294–134), and was highlighted during “Crypto Week” along with other bills. Its core mission is to resolve jurisdictional ambiguities—determining whether the Securities and Exchange Commission (SEC) or the Commodity Futures Trading Commission (CFTC) should regulate specific digital assets. A successful Senate vote would help institutional players gain confidence in the legal framework.
4. Anti-CBDC Surveillance State Act: Protecting Privacy and Decentralization
Also brought to the floor during Crypto Week, the Anti‑CBDC Surveillance State Act prohibits the Federal Reserve from issuing a U.S. central bank digital currency (CBDC) . This bill aligns with privacy-centric values predominant in the crypto community, affirming support for decentralized alternatives like Bitcoin.
5. SEC’s Pro-Crypto Regulatory Overhaul
In a significant shift, SEC Chair Paul Atkins unveiled sweeping reforms to accommodate crypto and blockchain-based trading markets. These include clearer guidelines for classifying tokens as securities, new disclosure requirements, regulatory exemptions, and assistance for launching tokenized securities. This departure from prior enforcement-heavy approaches reflects the evolving priorities under the current administration.
6. Executive & Legislative Momentum: Bitcoin Reserve, Deregulation, and Leadership Support
- Earlier in 2025, President Trump signed executive orders creating a U.S. Strategic Bitcoin Reserve and Digital Asset Stockpile, signaling a proactive government role in crypto strategy.
- At the Bitcoin 2025 conference in Las Vegas, Vice President Vance reinforced the administration’s commitment to crypto growth: advocating removal of burdensome regulations, promotion of stablecoin legislation, and support for comprehensive market structure laws.
- Meanwhile, political dynamics are shifting. Facing the 2025 midterms, some Democrats are embracing crypto-friendly legislation—such as the GENIUS and CLARITY Acts—to appeal to crypto‑friendly voters and donors.
Summary
As Congress returns, the momentum for transformative cryptocurrency legislation is accelerating. The GENIUS Act has been enacted, setting stablecoin standards with enforced backing and transparency. The CLARITY Act—and its mission to delineate regulatory oversight between SEC and CFTC—is poised for Senate review. Meanwhile, the Anti‑CBDC Surveillance State Act explicitly rejects a central bank digital currency, affirming a decentralization ethos. Complementing legislative advances, the SEC is actively redesigning regulations to better integrate crypto markets, while the executive branch’s creation of a Bitcoin reserve and strong pro‑crypto rhetoric from leadership underscore a national pivot toward embracing digital assets. Amid growing bipartisan political interest, the U.S. appears on the threshold of a regulatory era that balances clarity, innovation, and investor confidence.
