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The crypto market cap soared to $4 trillion for the primary time after the landmark GENIUS Act and two different key crypto payments handed the US Home.
Knowledge from CoinGecko reveals the crypto market cap broke above $4 trillion to face at $4,023,481,048,237 as of two:12 a.m. EST.
US Home Passes GENIUS Act And Different Key Crypto Payments With Bipartisan Assist
The surge within the crypto market was a constructive response to the passing of three digital asset payments, the GENIUS Act, CLARITY Act and the Anti-CBDC Surveillance State Act, within the US Home yesterday.
Progress for the payments was initially delayed on account of Republican considerations over central financial institution digital currencies (CBDCs). After a gathering with pro-crypto US President Donald Trump on the Oval Workplace earlier this week, the involved lawmakers modified their stance.
That led to a Thursday vote, the place lawmakers voted 294-134 in favor of the CLARITY Act, 308-122 in favor of the GENIUS Act, and 219-210 for the Anti-CBDC Surveillance State Act.
Practically 80 Democrats threw their help behind the CLARITY Act and over 100 voted sure for the GENIUS Act.
GENIUS Act Heads To Trump’s Desk As Crypto Business Beneficial properties Readability
The GENIUS Act, which is the one invoice to go each the Home and Senate, now head to Trump’s desk for signing on the White Home later at this time.
US Securities and Trade Fee (SEC) Chair Paul Atkins stated in a assertion that the GENIUS Act will present “clear guidelines of the street.”
JUST IN: The U.S. Home has formally handed the GENIUS Act.
This can be a historic second for the crypto trade as GENIUS establishes the primary clear regulatory framework for fiat-backed stablecoins on this planet’s largest financial system 🧵↓ pic.twitter.com/aPFcf79sxu
— Chainlink (@chainlink) July 17, 2025
“Over the approaching months and years, I sit up for watching the market leverage the regulatory framework supplied by the GENIUS Act to go to market with cost stablecoins options that make transactions faster, cheaper, and safer—all whereas sustaining strong threat safeguards,” Atkins stated.
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