U.S. House Passes Three Landmark Crypto Bills, Igniting Bitcoin and Altcoin Rally

During the pivotal “Crypto Week” of July 14–18, 2025, the U.S. House of Representatives passed three major cryptocurrency bills with overwhelming bipartisan support. Republican Senate Banking Committee Chair Tim Scott said passage of GENIUS marked a "major milestone."

• CLARITY Act introduces a three-tier classification system for digital assets, clearly defining when a token is considered a commodity, security, or hybrid instrument. This effectively resolves jurisdictional turf wars between the SEC and the CFTC, offering crypto firms much-needed legal clarity on compliance obligations.

• GENIUS Act sets up a formal regulatory framework for USD-backed stablecoins, mandating full reserves and approved issuance. The bill aims to safely integrate stablecoins into the traditional financial system, enabling regulated use in payments, settlements, and banking infrastructure.

• Anti-CBDC Act restricts federal agencies from launching a surveillance-enabled central bank digital currency. It embeds privacy protections directly into law and affirms that any CBDC must uphold civil liberties and limit government overreach.

SEC Chairman Paul Atkins also praised the move, "Over the coming months and years, I look forward to watching the market leverage the regulatory framework provided by the GENIUS Act to go to market with payment stablecoins solutions that make transactions quicker, cheaper, and safer—all while maintaining robust risk safeguards," Atkins said in a statement on Thursday.

According to reports, Trump is expected to sign the GENIUS Act by Friday, assuming no changes are made following its Senate approval in June. The CLARITY Act and Anti-CBDC Act will now advance to the Senate for debate and potential amendments before returning to the House or reaching the president’s desk for final enactment.

Markets Rally as Regulation Brings Clarity

Bitcoin Hits $120K Again; ETH and XRP Lead Altcoin Breakout

After days of sideways consolidation, Bitcoin surged back above $120,000, successfully absorbing heavy selling pressure from large holders. The renewed rally was widely attributed to the House's passage of the crypto legislation, which injected fresh confidence into the market.

The momentum quickly spilled into the altcoin market. Ethereum, which had already been gaining for two consecutive days, accelerated higher after the news broke—rising from around $3,400 to break $3,600 within five hours, marking its highest level in over six months.

XRP, meanwhile, skyrocketed over 19% to reach a new all-time high of $3.62, breaking its previous record from 2018. Analysts noted the altcoin rally reflects a broader rotation into assets perceived to benefit from clearer legal definitions under the new framework.

Crypto-related equities also posted significant gains:

• Engine Media jumped 52.98%

• SharpLink Gaming rose 29.03%

• BTCS Inc. added 21.26%

• Bit Digital climbed 19.45%

• Circle, the stablecoin issuer, gained 19.39%

Investors interpreted the GENIUS Act as a catalyst for institutional stablecoin adoption, while the Anti-CBDC Act reassured privacy-focused participants. The clarity from the CLARITY Act is expected to drive increased capital into regulated platforms and token issuers.

Though challenges around implementation remain, the strong market response signals broad optimism toward the U.S.’s regulatory direction. One trader described the moment not just as “a regulatory update,” but “a structural turning point for digital finance.”