Washington, D.C. (Agencies) July 18, 2025: The U.S. House of Representatives has passed the landmark Digital Asset Market Clarity Act, widely referred to as the Crypto Market Structure Bill, marking a historic moment for the regulation of digital assets in the United States.
The bill, which cleared the House with bipartisan support, establishes clear regulatory boundaries between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC)—defining when a digital asset is treated as a security versus a commodity. This long-awaited framework aims to end years of uncertainty that have plagued crypto firms and investors, particularly under the previous administration’s enforcement-heavy approach.
The legislation also includes provisions from the GENIUS Act, which sets federal standards for stablecoin issuance, and a measure prohibiting the Federal Reserve from launching a central bank digital currency (CBDC) directly to individuals. These components were hotly debated, with conservative lawmakers pushing to bundle them into broader defense legislation to ensure passage.
President Donald Trump played a pivotal role in reviving the bill after initial procedural votes failed, meeting with Republican holdouts and securing their support. The final vote followed intense negotiations and is being hailed as a major victory for the crypto industry, which has long sought regulatory clarity to foster innovation and attract institutional investment.
Industry leaders have praised the bill’s passage, noting its potential to legitimize stablecoins, reduce systemic risk, and position the U.S. as a global leader in digital finance. The legislation now heads to the Senate, where further debate is expected before it can be signed into law.
With Bitcoin trading above $118,000 and the global crypto market cap nearing $3.8 trillion, the timing of this legislative breakthrough could reshape the future of digital assets in the U.S. and beyond.