Thu Jul 17 23:18:38 UTC 2025: ## US House Passes Crypto Bills Amid Trump’s “Crypto Week” Push
**Washington D.C.** – The US House of Representatives advanced three bills related to cryptocurrency on Thursday, signaling a potential shift towards mainstream acceptance of decentralized currencies. The moves coincide with President Trump’s declared “crypto week,” aimed at establishing the US as the global leader in the burgeoning industry.
One bill, dubbed the GENIUS Act, passed with bipartisan support and heads directly to President Trump for approval. It establishes initial consumer protections and regulatory guidelines for stablecoins, cryptocurrencies pegged to stable assets like the US dollar to mitigate volatility. House Financial Services Chair French Hill touted the bill’s potential to “ensure American competitiveness and strong guardrails for our consumers,” amidst a payment systems revolution.
A second bill, aiming to clarify the regulatory landscape for digital assets by defining which cryptocurrencies should be treated as commodities and which as securities, passed by a slimmer margin and will now go to the Senate. The third bill, also heading to the Senate, would prohibit the creation of a US central bank digital currency, a government-issued form of digital cash.
While advocates celebrate the bills as a step towards wider adoption, critics raise concerns about potential conflicts of interest and insufficient regulation. Democrats argue the GENIUS Act was fast-tracked without adequately addressing the Trump family’s involvement in the crypto industry. Specifically, they point to a provision exempting the president and his family from a ban on profiting from stablecoins, while Trump’s family holds a significant stake in World Liberty Financial, a crypto project with its own stablecoin. Representative Maxine Waters accused Republicans of validating the Trump family’s “corruption” and attempts to “sell the White House to the highest bidder.”
Other Democrats warn that the GENIUS Act’s regulatory framework is too weak and could pose long-term financial risks, potentially opening the door for major corporations to issue their own private cryptocurrencies.
The passage of these bills represents a significant development in the ongoing debate surrounding cryptocurrency regulation in the US, with the potential to reshape the future of digital finance. However, the concerns raised by Democrats highlight the complex and potentially fraught path ahead as the industry moves towards greater mainstream acceptance.
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