The United States House of Representatives has passed two major cryptocurrency bills with wide bipartisan support, marking a historic step in efforts to regulate the fast-growing digital asset industry.
On Thursday, lawmakers voted 308 to 122 in favour of the GENIUS Act, a bill that sets new rules for stablecoins — digital currencies tied to traditional assets like the US dollar. The bill, already approved by the Senate, now heads to President Trump’s desk for his signature. More than 100 Democrats, including Minority Leader Hakeem Jeffries, joined most Republicans in backing the legislation, which is expected to help bring digital assets into the financial mainstream.
In a separate vote, the House also passed the broader CLARITY Act, aimed at establishing a wider regulatory framework for cryptocurrencies. It passed 294 to 134, with 78 Democrats crossing party lines to support it. Though Jeffries voted against this second bill, several prominent Democrats — including former House Speaker Nancy Pelosi and Democratic Caucus Chair Pete Aguilar — supported the measure, signalling growing bipartisan interest in crypto regulation.
Still, not all Democrats were on board. Representative Maxine Waters of California, the top Democrat on the House Financial Services Committee, opposed both bills. She argued that the legislation poses a risk to financial stability and could open the door to corruption linked to President Trump.
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Waters and other Democrats called for stronger ethics rules, citing the Trump family’s deep ties to the crypto industry. Trump and his sons are involved in several digital asset ventures, including one that issues a stablecoin and stands to benefit directly from the GENIUS Act.
Despite the controversy, a growing number of Democrats have joined Republicans in supporting the digital asset industry’s agenda. Crypto firms have poured hundreds of millions of dollars into lobbying and campaign donations, and have warned they may target lawmakers who resist pro-crypto legislation.
In a third vote, the House passed a more partisan bill that would ban the creation of a central bank digital currency (CBDC), a digital form of government-backed money.
Together, the votes mark a major milestone for Republican lawmakers such as Financial Services Committee Chair French Hill, who have long championed industry-friendly rules for digital assets — now with President Trump’s backing in the White House.
