Washington, D.C. – The Blockchain Association has expressed approval following the bipartisan passage of two significant pieces of legislation in the U.S. House of Representatives: the GENIUS Act and the CLARITY Act. These legislative efforts are seen as pivotal steps in establishing a comprehensive federal framework for stablecoins and providing market structure guidelines for the broader cryptocurrency ecosystem.
“The bipartisan passage of the GENIUS Act is a watershed moment for digital assets in the United States,” stated Summer Mersinger, CEO of Blockchain Association. She emphasized that this legislation introduces enforceable rules for stablecoins, preserving the strength of the U.S. dollar while fostering responsible innovation under American leadership.
The GENIUS Act aims to provide legal clarity and consumer protections to empower developers, financial institutions, and regulators in building scalable stablecoin systems that reinforce U.S. economic leadership globally.
Blockchain Association has called on President Donald Trump to sign the GENIUS Act into law promptly. “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.
The CLARITY Act's passage addresses long-standing regulatory uncertainties by defining market structure and asset classification boundaries crucial for unlocking blockchain’s potential within America'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,” said Mersinger. “We are also grateful to Ranking Member Angie Craig, Congressman Don Davis, Congressman Ritchie Torres, and many others for their efforts.”
Furthermore, a separate vote was held by the House to restrict central bank digital currency (CBDC) deployment as a stand for privacy and market competition principles.
“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,” commented Mersinger.
With these votes signaling readiness from Congress to lead in digital finance through thoughtful policymaking, Blockchain Association plans continued collaboration with Senate members on future initiatives.
