US House Revives Crypto Legislative Push With Record 9-Hour Vote

The U.S. House of Representatives has reignited efforts to regulate digital assets, advancing three Republican-backed bills after a marathon voting session. The GENIUS Act, CLARITY Act, and Anti-CBDC Act represent a concerted push to clarify oversight of cryptocurrencies amid growing institutional interest.

Stablecoin regulation takes center stage with the GENIUS Act, which imposes reserve requirements on issuers. Meanwhile, the CLARITY Act aims to resolve longstanding jurisdictional conflicts between the SEC and CFTC. The legislative movement signals Washington's recognition of crypto's permanence in financial markets.

The narrow 215-211 vote underscores the political divisiveness surrounding digital asset policy. Market participants view the progress as a potential catalyst for broader institutional adoption, though significant regulatory hurdles remain.