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The market capitalization of cryptography has climbed $ 4 billions of dollars for the first time after the law on historic engineering and two other key cryptography invoices adopted the American house.
Coating data shows The market capitalization of cryptography exceeded 4 dollars billions to reach 4,023,481,048,237 $ to 2 h 12 hne.
US House adopts Genius Act and other cryptocurrency key invoices with bipartite support
The increase in the cryptography market was a positive response to the adoption of three bills on digital assets, the Genius Act, Clarity Act and the anti-CBDC law on the state of surveillance, in the American chamber yesterday.
The progress of the invoices has initially been delayed due to republican concerns concerning the digital currencies of the Central Bank (CBDC). After a meeting with the American president Pro-Crypto Donald Trump at the Oval Office earlier this week, the legislators concerned changed their position.
This led to a vote Thursday, where legislators vote 294-134 in favor of the Clarity Act, 308-122 in favor of the Genius Act, and 219-210 for the anti-CBDC law Act.
Nearly 80 Democrats have taken support of the Clarity Act and more than 100 voted for the genius law.
Genius Act goes to Trump’s office while the cryptography industry is gaining in clarity
The Genius Act, which is the only bill to adopt both the room and the Senate, are now going to the Trump office for signing the White House later in the day.
The chairman of the American Securities and Exchange Commission, Paul Atkins, said in a statement that the genius law will provide “clear road rules”.
Just inside: the American house has officially adopted the Act on Engineering.
This is a historic moment for the cryptographic industry because the engineering establishes the first clear regulatory framework for the stablecoins supported by Fiat in the greatest economy in the world 🧵 ↓ ↓ ↓ ↓ ↓ ↓ ↓ ↓ ↓ ↓ ↓ ↓ ↓ ↓ ↓ ↓ ↓ ↓ ↓ ↓ ↓ ↓ ↓ ↓ pic.twitter.com/apfcf79sxu
– Chainlink (@chainlink) July 17, 2025
“In the coming months and years, I can’t wait to look at the regulatory framework contract provided by the law on engineering to go to the market with payment solutions that make transactions more quickly, cheaper and safer, while retaining robust risk guarantees,” said Atkins.
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