Crypto Market Cap Hits $4 Trillion As US House Passes GENIUS Act, Other Bills
The crypto market cap soared to $4 trillion for the first time after the landmark GENIUS Act and two other key crypto bills passed the US House. Data from CoinGecko shows the crypto market cap broke above $4 trillion to stand at $4,023,481,048,237 as of 2:12 a.m. EST. US House Passes GENIUS Act And Other Key Crypto Bills With Bipartisan Support The surge in the crypto market was a positive response to the passing of three digital asset bills, the GENIUS Act, CLARITY Act and the Anti-CBDC Surveillance State Act, in the US House yesterday. Progress for the bills was initially delayed due to Republican concerns over central bank digital currencies (CBDCs). After a meeting with pro-crypto US President Donald Trump at the Oval Office earlier this week, the concerned lawmakers changed their stance. That led to a Thursday vote, where lawmakers voted 294-134 in favor of the CLARITY Act, 308-122 in favor of the GENIUS Act, and 219-210 for the Anti-CBDC Surveillance Stat...