SEC Chair Paul Atkins praises House for passing GENIUS, Clarity, and Anti-CBDC Acts

Photo: Tierney L. Cross

Key Takeaways

The House passed three Trump-backed crypto bills: the GENIUS Act, the Clarity Act, and the Anti-CBDC Act.
SEC Chair Paul Atkins praised the legislation in an official statement Thursday, calling it a “historic milestone”.

The House of Representatives today passed three major crypto bills backed by the Trump administration: the GENIUS Act, the Clarity Act, and the Anti-CBDC Act.

The legislative package, now headed to President Trump’s desk, creates a regulatory framework for payment stablecoins, defines which entities are authorized to issue them, and prohibits the Federal Reserve from launching a central bank digital currency.

SEC Chair Paul Atkins praised the passage in an official SEC statement released Thursday afternoon, calling it a “historic milestone” for innovators and market participants working in the digital asset space.

“I would like to congratulate the House of Representatives on passing the GENIUS Act and commend the work both the House and Senate put into this important legislation,” Atkins said.

Atkins emphasized the GENIUS Act’s role in setting clear guidelines for payment stablecoins, adding that entrepreneurs deserve “clear rules of the road.” He said the framework will enable faster, cheaper, and safer financial transactions while preserving strong risk protections.

“Today’s passage of the GENIUS Act sends a powerful message that this Administration is charting a new course,” Atkins said. “This is an important step to spur innovation by providing the crypto industry with clear rules of the road.”