Congressman Haridopolos Applauds House Passage of Key Cryptocurrency Bills

July 17, 2025 Press Release WASHINGTON, D.C. – Today, Congressman Mike Haridopolos (FL-08) applauded the House’s passage of three landmark bills that will reshape the future of digital finance and protect Americans’ financial freedoms. H.R. 3633, The Digital Asset Market Clarity Act, S. 1582, the GENIUS Act, and H.R. 1919, the Anti-CBDC Surveillance State Act all passed the House this week as part of “Crypto Week,” marking what Haridopolos called “a critical step forward in making the United States the center of financial innovation again.” “These
bills send a clear message to the world: America is open for digital asset
innovation, and we
are
going to do it the right way, with smart rules, consumer protections, and a
firm commitment to freedom,” said
Congressman Haridopolos . “For years,
the lack of clear regulatory guidelines for this industry allowed the Biden
Administration to chase companies out of America with regulation-by-enforcement
instead of setting clear, common-sense
guidelines. We fixed that this week, and showed the country that
Republicans can govern, solve complex problems, and lead on the technologies of
the future.” The
Digital
Asset Market Clarity (CLARITY) Act sets clear
boundaries between the Securities
and Exchange Commission (SEC) and Commodity
Futures Trading Commission (CFTC),
providing long-overdue regulatory certainty for blockchain developers, crypto
exchanges, and consumers. The GENIUS Act sets clear rules for
stablecoins, requiring them to be fully backed by cash and U.S. Treasuries so
they strengthen the dollar and make payments faster and more affordable
worldwide. The Anti-CBDC
Surveillance State Act prevents the
federal government from issuing a Central Bank Digital Currency that could
track Americans’ private transactions or restrict how they spend their own
money. “This
is about keeping the freedom to spend, invest, and innovate in the hands of the
American people, not bureaucrats in Washington,” Haridopolos
said .
“Thanks to the hard work of the Financial Services Committee under the
leadership of Chairman French Hill, we are
building a system where blockchain can thrive, stablecoins can help lower costs
for consumers and businesses, and the government will never
turn into a surveillance state like China.” “America
will now lead the way on digital
assets, not sit on the sidelines while other countries make the rules,” Haridopolos
added . “With this
package, we are putting
the U.S. back in the driver’s seat.” Issues : Tax Reform And The Economy