Crypto Regulation Inches Forward in US Congress

House Committees advance landmark digital asset legislation while the Senate eyes stablecoin regulation.

Author
Branden Chen
Senior Crypto AnalystJune 11, 2025
Bitcoin trading chart with upward trend

Crypto Regulation Inches Forward in US Congress

This week saw significant movement on the regulatory front for digital assets in the United States. The House Agriculture Committee overwhelmingly passed the Digital Asset Market Clarity Act, signaling bipartisan support for establishing a clear framework for crypto trading.

House Committees in Action

The House Agriculture Committee approved the Digital Asset Market Clarity Act by a vote of 47-6. Simultaneously, the House Financial Services Committee worked on finalizing details of their version of the digital assets market oversight bill. These bills aim to clarify the roles of the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) in regulating the crypto market.

Chairman Glenn "GT" Thompson emphasized that the Clarity Act provides certainty, fills regulatory gaps, bolsters innovation, and brings needed customer protections.

Representative Angie Craig acknowledged that the bill isn't perfect, but stressed the importance of establishing consumer protections as cryptocurrency adoption grows.

Senate Focuses on Stablecoins

In the Senate, the Guiding and Establishing National Innovation for U.S. Stablecoins of 2025 (GENIUS) Act is nearing a final vote. This bill aims to regulate stablecoin issuers and establish guardrails for these dollar-based tokens, which are crucial to crypto trading.

Majority Leader John Thune made a procedural move to expedite the vote on the GENIUS Act. Industry insiders anticipate a vote as early as Wednesday. If passed by the Senate, the GENIUS Act will move to the House for consideration.

Key Takeaways

  • Bipartisan Support: The House Agriculture Committee's vote demonstrates bipartisan agreement on the need for crypto market regulation.
  • Clarity and Protection: The Digital Asset Market Clarity Act aims to provide regulatory clarity and enhance consumer protection.
  • Stablecoin Regulation: The Senate's GENIUS Act focuses on establishing a regulatory framework for stablecoins.

Concerns Remain

Despite the progress, concerns persist. Representative David Scott voiced concerns that the bill may allow crypto firms to bypass proper oversight and ignore investor protections, especially regarding CFTC's ability to oversee retail-facing investment products.

Representative Maxine Waters raised concerns about potential conflicts of interest and the influence of former President Trump on crypto initiatives within government agencies.

Investment Considerations

As always, investors should consider their risk tolerance and investment timeline before making allocation decisions. Bitcoin remains a volatile asset despite increasing institutional adoption.

This article is for informational purposes only and should not be considered investment advice. Always consult with a qualified financial advisor.

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