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Legislative bills

Landmark Financial Services Package Passes House, Blocks CBDC and Creates Digital Asset Framework

Strategic Insights

— 1 min read

A landmark financial services package, which includes the passage of the GENIUS Act and the CLARITY Act, has been passed by the U.S. House of Representatives. This package blocks the creation of Central Bank Digital Currency (CBDC) in America and creates a clear framework for the growing proliferation of digital assets. The GENIUS Act, signed into law by President Trump on July 18, 2025, provides a clear regulatory framework for the issuance of payment stablecoins, prioritizing consumer protection, fostering innovation, and strengthening the U.S. dollar's reserve currency status.

Key Takeaways:

  • Congressman Byron Donalds (R-FL) voted to pass the GENIUS Act and the CLARITY Act, which block the creation of CBDC and create a clear framework for digital assets.
  • The GENIUS Act, signed into law by President Trump, provides a clear regulatory framework for payment stablecoins, prioritizing consumer protection and fostering innovation.
  • The CLARITY Act establishes clear, functional requirements for digital asset market participants, prioritizing consumer protection while fostering innovation.
  • The passage of these bills blocks the creation of CBDC, which would give unelected bureaucrats in the federal government control over Americans' money.
  • The GENIUS Act and the CLARITY Act were passed with bipartisan support, with the GENIUS Act passing the U.S. House with a vote of 308-122 and the CLARITY Act passing with a vote of 294-134.

Statistics:

  • The GENIUS Act was signed into law by President Trump on July 18, 2025.
  • The GENIUS Act passed the U.S. Senate with a bipartisan vote of 68-30 on June 17, 2025.
  • The CLARITY Act passed the U.S. House with a vote of 294-134 and advanced out of two committees with bipartisan support on June 10, 2025.
  • The Anti-CBDC Surveillance Act, which prohibits the creation of CBDC, passed the U.S. House with a vote of 219-210.

Sources:

  • "Byron Donalds Votes To Create Digital Asset Framework For America And Block CBDC Tyranny" (United States House of Representatives, July 18, 2025)
  • "The CLARITY Act" (House Committee on Financial Services, May 29, 2025)
  • "The GENIUS Act" (Senator Bill Hagerty, June 17, 2025)
  • "The Anti-CBDC Surveillance Act" (House Majority Whip Tom Emmer, June 10, 2025)
  • "President Trump Signs GENIUS Act into Law" (White House, July 18, 2025)

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