Legislation
On July 17, 2025, Congress plans to vote on major cryptocurrency bills, including the GENIUS Act for stablecoins and the CLARITY Act for token markets. Market optimism grows as Ethereum and other tokens rally. Meanwhile, the high-profile trial of Tornado Cash co-developer Roman Storm raises debates over privacy and regulation. Industry developments include Coin Metrics' acquisition by Talos and Coinbase's new Base app.
On July 16, 2025, the U.S. House of Representatives delayed critical cryptocurrency legislation due to internal Republican disagreements. Despite a key stablecoin framework bill poised for presidential approval, broader crypto legislative progress remains stalled amid debates on digital currency proposals.
U.S. Congress hit a procedural snag on crypto regulation as bipartisan opposition delayed key bills, impacting crypto markets. This holds back much-needed clarity for the digital asset industry amid ongoing debates.
Dubai has announced accepting cryptocurrencies for public services, while the USA moves toward legislative recognition of Bitcoin and Ethereum as legal payment forms. These steps highlight a global trend in crypto integration.
On May 29, 2025, bipartisan members of the U.S. House of Representatives introduced the Digital Asset Market Clarity Act, aiming to define regulatory roles between the CFTC and SEC while enhancing transparency in crypto transactions.
The Senate has passed a key hurdle for the GENIUS Act on stablecoin legislation, highlighting the importance of blockchain regulation even amidst ethical concerns over high-profile crypto deals and a leadership gap in the CFTC. The DOJ pursues charges against Tornado Cash developers, while Coinbase eyes acquisition opportunities. Texas too moves closer to a Strategic Bitcoin Reserve legislation, joining other states in the crypto wave.
The U.S. Senate has voted to advance stablecoin regulation, reflecting a growing influence in the cryptocurrency sector. Despite some opposition from Senate Democrats citing ethical concerns, the bill is poised for final passage, with implications for major players in the industry.
Arizona has become the second U.S. state to establish a cryptocurrency reserve fund, aiming to protect residents' assets from losing value. With the new Bitcoin and Digital Assets Reserve Fund, unclaimed property laws will be modernized to include virtual currency, ensuring that residents benefit from any appreciation in crypto values.
On May 7, 2025, Arizona Governor Katie Hobbs signed a significant law establishing a Bitcoin and Digital Assets Reserve Fund, making Arizona the second U.S. state to do so. This legislation aims to modernize state financial practices and protect residents' virtual assets.
Arizona and New Hampshire have enacted new laws allowing state investments in cryptocurrencies. Arizona's law permits maintaining a reserve of unclaimed crypto, while New Hampshire allows a 5% investment in digital assets. These moves reflect a growing acceptance of cryptocurrencies in government.