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Jin10 Data reported on July 18th that on Thursday local time, the U.S. House of Representatives unanimously passed three pieces of legislation related to crypto assets: the CLARITY Act, the GENIUS Act, and the Anti-CBDC Surveillance Nation Act. The CLARITY Act and the Anti-CBDC Surveillance Nation Act will be sent to the Senate for review. The GENIUS Act is expected to be formally signed into law by Trump on Friday local time.
White House Press Secretary: Trump plans to sign relevant Crypto Assets legislation including the Genius proposal at an event on Friday. We are willing to promote making Crypto Assets payments more convenient. We are confident that there are enough votes to pass the Genius proposal. We believe that more legislation regarding Crypto Assets will be introduced in the future.