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Today, the US House of Representatives has officially passed a procedural vote to advance several key pieces of crypto legislation, including<\/a> the CLARITY Act, the GENIUS Act, and the Anti-CBDC Surveillance State Act.<\/p>\n The CLARITY Act (H.R. 3633<\/a>) would establish a clear regulatory framework for digital commodities like Bitcoin by dividing oversight between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC).\u00a0<\/p>\n The Anti-CBDC Act (H.R. 1919<\/a>) aims to prohibit the Federal Reserve from issuing a central bank digital currency (CBDC), citing concerns over financial surveillance. If passed, this bill would help protect Bitcoin\u2019s role as a decentralized alternative to government issued digital money.<\/p>\n \u201cUpon adoption of this resolution it shall be in order to consider in the House the bill (H.R. 1919) to amend the Federal Reserve Act to prohibit the Federal reserve banks from offering certain products or services directly to an individual, to prohibit the use of central bank digital currency for monetary policy, and for other purposes,\u201d stated<\/a> the legislation.<\/p>\n The GENIUS Act (S. 1582)<\/a> also moved forward and focuses on regulating stablecoins, which President Donald Trump has given lots of praise.<\/p>\n But despite the President\u2019s eagerness to sign the bill into law, some Republicans were still opposed to the legislation going into today\u2019s procedural vote. US Representative Marjorie Taylor Greene commented<\/a> on her concerns regarding the legislation, stating, \u201cI will not vote for this. The only way to guarantee a ban on a central bank digital currency is through law. The GENIUS Act does not ban CBDC or maintain people\u2019s chain of custody.\u201d<\/p>\n Trump also reportedly announced that the GENIUS Act will be passed tomorrow. According to Bloomberg, he talked with the remaining Republican holdouts and said he was able to secure their support.\u00a0<\/p>\n