US Crypto Bill 2025: What the GENIUS & CLARITY Acts Mean for Bitcoin and Exchanges
• 6 min read • by Kelvin Jones
US Crypto Bill 2025: What the GENIUS & CLARITY Acts Mean for Bitcoin and Exchanges
Bill Overview
On July 17, 2025, the House of Representatives passed the GENIUS Act, establishing a federal stablecoin framework that mandates full reserve backing, quarterly audits, and consumer disclosure requirements. Two days later, the CLARITY Act—focused on market structure and exchange registration—cleared the House with a 294–134 vote, defining jurisdictional lines between the SEC and the CFTC.
Regulatory Highlights
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Consumer Protections
Issuers of stablecoins must maintain 100% on-chain reserves and submit to regular third-party attestations, ensuring transparency and solvency. -
Division of Authority
The SEC retains oversight of tokens deemed securities, while the CFTC governs commodity-style digital assets. Exchanges will register with one agency based on their primary offering.
Impact on Bitcoin & Swaps
Institutional desks are already mobilizing—investment houses report preliminary allocations to BTC purchases in anticipation of clearer regulations. As these firms ramp up volumes, we expect:
- A surge in no-KYC, non-custodial swap activity, similar to what we covered in Why Non-Custodial Crypto Swaps Matter, as privacy-minded traders leverage decentralized rails.
- Increased demand for atomic swap infrastructure and liquidity-pool protocols like those we profile in our Private DeFi Survival Guide.
Next Steps in the Senate
The Senate is scheduled to debate amendments in early August 2025, with floor votes expected by late September. Key considerations include:
- Potential carve-outs for algorithmic stablecoins
- Enhanced reporting thresholds for DeFi protocols
- Safeguards against market manipulation
What Traders Should Do Now
- Evaluate top no-KYC swap platforms that support high-limit trades, such as AnonSwap and our walkthrough in Swap BTC to XMR Anonymously.
- Review your exposure: under the new rules, stablecoin issuers may charge modest reserve fees—factor these into your arbitrage or yield strategies.
- Stay agile: lock in counterparties and routes before Senate amendments take effect, to avoid sudden shifts in on-chain liquidity.
Related Posts
- Private DeFi Survival Guide – tools, tactics, and privacy tips for DeFi.
- Swap BTC to XMR Anonymously – step-by-step BTC→XMR without KYC.
- Why Non-Custodial Crypto Swaps Matter – reducing counterparty risk in DeFi.
Published July 22, 2025. Last updated July 22, 2025.