The U.S. House of Representatives on Thursday passed a bill to create a regulatory framework for U.S.-dollar-pegged cryptocurrency tokens known as stablecoins, sending the bill to President Donald Trump,

On July 17, the US House passed the CLARITY Act; the bill is now heading to the Senate, where it faces a more complex path.

In a week of landmark legislative wins for the crypto industry, the U.S. House of Representatives has now passed all three key bills — the CLARITY Act, the GENIUS Act, and the Anti-CBDC Surveillance State Act. But despite what many in the industry have called a historic breakthrough, markets are barely reacting.

The CLARITY Act and two other crypto bills passed the House with Republican and Democratic support after Maxine Waters criticized them as enabling a "corrupt crypto empire."

DeFi stakeholders say they can no longer stay silent about major concerns with the CLARITY Act, which will see a vote as soon as tomorrow.

Rep. Josh Gottheimer highlights growing bipartisan support for crypto regulatory bills focused on stablecoins and oversight clarity.