In a historic move for crypto regulation, the U.S. House of Representatives advanced the GENIUS and CLARITY Acts on Wednesday. Lawmakers pushed both bills forward after a record-breaking 10-hour procedural voting session that tested bipartisan cooperation and stamina.
The GENIUS Act aims to boost innovation in blockchain and digital assets by providing clearer legal frameworks for developers and startups. Meanwhile, the CLARITY Act focuses on improving transparency and accountability for digital asset service providers, including exchanges and wallets.
These measures come at a time when crypto casinos and online casinos are rapidly gaining popularity among U.S. users. Lawmakers argue that without proper oversight, these platforms pose risks to consumers and financial markets. Therefore, the bills seek to balance growth and protection in the evolving crypto space.
However, not all lawmakers agreed. Several progressive Democrats raised concerns about potential loopholes for bad actors and minimal consumer safeguards. Despite this, the bills passed with bipartisan support, reflecting growing urgency to regulate the booming digital asset sector.
The lengthy session, which lasted past midnight, underscored how divisive and complex crypto legislation remains. Lawmakers debated issues ranging from decentralized finance to money laundering and the role of online casinos in crypto ecosystems.
Chairman French Hill commended President Trump, Speaker Mike Johnson, and fellow GOP leaders for advancing the digital asset agenda. He described it as progress toward a “golden age” for digital assets in America.
Crypto Bills Now Await Senate Scrutiny
The GENIUS and CLARITY Acts will now move to the Senate, where they face uncertain prospects. Senate leaders have not confirmed when or if the bills will be taken up.
Still, crypto advocates hailed the House vote as progress. Industry leaders believe these frameworks could reduce legal ambiguity, attract institutional investment, and legitimize platforms such as crypto casinos and online casinos.
With both public interest and regulatory pressure rising, Congress appears ready to act. The GENIUS and CLARITY Acts mark a significant step in defining the future of U.S. crypto policy.