Washington, D.C. (July 17, 2025) – Blockchain Association today celebrates a defining moment in the evolution of U.S. digital asset policy: the overwhelmingly bipartisan passage of the GENIUS Act, which establishes the first comprehensive federal framework for stablecoins. Alongside this historic vote, the House also passed the CLARITY Act, providing essential market structure guidelines for the broader crypto ecosystem — further demonstrating Congress’s growing commitment to smart, balanced regulation.
“The bipartisan passage of the GENIUS Act is a watershed moment for digital assets in the United States,” said Summer Mersinger, CEO of Blockchain Association. “For the first time, Congress has moved comprehensive legislation that provides enforceable, narrowly tailored rules for stablecoins — a foundational technology for the future of finance. This bill preserves the strength of the U.S. dollar, protects consumers, and creates the conditions for responsible innovation to flourish under American leadership.”
The GENIUS Act represents a major legislative breakthrough for the digital economy. By delivering legal clarity and strong consumer protections, the bill empowers developers, financial institutions, and regulators to build and scale stablecoin systems that reinforce U.S. economic leadership globally.
Blockchain Association calls on President Donald Trump to swiftly sign the GENIUS Act into law.
“We now call on President Trump to swiftly sign the bill into law, ensuring the United States continues to lead in setting global standards for digital assets,” Mersinger added.
Meanwhile, the passage of the CLARITY Act signals meaningful progress in resolving long-standing regulatory uncertainty that has hindered American innovation. The legislation establishes clear boundaries around market structure and asset classification — crucial steps toward unlocking blockchain’s full potential within the U.S. financial system.
“We applaud Chairman French Hill, Chairman G.T. Thompson, Congressman Dusty Johnson, Congressman Bryan Steil and their dedicated staff for crafting this legislation and working tirelessly to ensure this bill has the support needed to get across the finish line. We are also grateful to Ranking Member Angie Craig, Congressman Don Davis, Congressman Ritchie Torres, and many others for their efforts.” said Mersinger. “Their leadership ensures America remains at the forefront of digital innovation. We are encouraged by the collaborative effort that brought this bill to its final stage, because this work doesn’t happen overnight. We look forward to working closely with the Senate as they turn to this important legislation.”
Additionally, the House vote to restrict central bank digital currency (CBDC) deployment reflects a principled stand for liberty and economic pluralism.
“The House vote to restrict central bank digital currency deployment is a strong affirmation of core American values: privacy, market competition, and individual financial freedom,” said Mersinger. “The private sector is leading in responsible digital asset development — and this vote ensures that the U.S. government remains a steward, not a competitor, in the evolution of financial infrastructure.”
With this trio of votes, Congress has sent a clear message: the United States is ready to lead in digital finance through thoughtful, bipartisan policymaking. Blockchain Association and its more than 130 members remain committed to working with the Senate to build on this momentum.
About Blockchain Association
Blockchain Association is the collective voice of the cryptocurrency industry. Our members include the sector’s leading investors, companies, and projects, working together to support a future-forward, pro-innovation national policy and regulatory framework for the crypto economy. Find us at theblockchainassociation.org. Follow us @BlockchainAssn.
