Approval from the US for 3 digital asset laws

The "Digital Asset Market Clarity Bill," referred to as CLARITY, was approved by the House of Representatives with 294 votes to 134.

All 78 Democrats in the House of Representatives voted to pass the bill.

The bill aims to clear up general regulatory uncertainties for digital assets and introduce clear rules for the sector.

The bill aims to encourage the growth of the sector in the US, both to protect consumers and to make it easier for crypto companies to operate in the US.

For the bill to become law, it must be approved in the Senate before being submitted for signature by US President Donald Trump.

Trump expected to sign GENIUS tomorrow

The "National Innovation Direction and Establishment Bill for U.S. Stablecoins Act," known as GENIUS for short, also passed the House of Representatives with 308 "yes" votes against 122 "no."

102 Democrats voted in favor of the bill, while 12 Republicans opposed it.

The bill was passed in the Senate last month by a vote of 68-30, with support from both Republican and Democratic congressmen.

Thus, the bill was sent to US President Trump's desk to be signed into law.

The bill aims to establish a federal regulatory framework for stablecoins and increase the transparency and accountability of the stablecoin market.

Trump is expected to sign the bill tomorrow.

Anti-CBDC bill passes by 9 votes

The "Anti-CBDC" bill, which aims to block the issuance of central bank digital currencies (CBDC), was also passed in the House of Representatives by 219 votes to 210. Only two Democratic representatives voted "yes" on the bill.

The bill would prohibit the US Federal Reserve (Fed) from offering CBDC directly to individuals or issuing CBDC indirectly through financial institutions.

The bill, which defines financial privacy as a constitutional right, emphasizes that CBDCs can be used to monitor individuals' spending habits, political donations, or personal financial decisions.

For the bill to become law, it must be approved by the US Senate and then signed by Trump.

The US House of Representatives announced at the beginning of July that this week would be "crypto week" as part of its efforts to make the country the "crypto capital of the planet."