# US House Passes CLARITY And GENIUS Acts

> The GENIUS Act now heads to President Trump for his signature, while the CLARITY Act moves to the U.S. Senate for a vote.

**Published by:** [ETH Daily](https://ethdaily.io/)
**Published on:** 2025-07-17
**Categories:** news, 2025, july2025
**URL:** https://ethdaily.io/742

## Content

Quick TakeHouse passes the CLARITY and GENIUS Acts.BitMine unveils $1 billion ETH treasury.BlackRock’s files for ETH ETF staking approval.Obol releases institutional report on ETH.US House Passes CLARITY And GENIUS ActsListen to this episode from ETH Daily - Ethereum Daily Crypto News on Spotify. Congress passes the CLARITY Act and the GENIUS Act. BitMine establishes a $1 billion ETH treasury reserve. BlackRock's ETHA ETF files for staking approval. And Obol releases an institutional report on Ethereum.https://spotify.comHouse Passes CLARITY And GENIUS ActsThe U.S. House of Representatives passed the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act, a landmark bill that establishes a comprehensive federal regulatory framework for stablecoin issuers. The GENIUS Act was already passed by the Senate in June with strong bipartisan support and now heads to President Trump for his signature, expected as soon as Friday, July 18. Separately, the House also passed the Digital Asset Market Structure (CLARITY) Act by a vote of 294–134. The CLARITY Act will now move to the U.S. Senate for a vote. The CLARITY Act seeks to define key terms and regulatory responsibilities between the SEC and the CFTC, and establish procedures for provisional registration, insider trading restrictions, and blockchain maturity. The bill identifies three blockchains likely to meet its maturity standards and outlines a pathway for DAOs to obtain legal recognition through state-based chartersBitMine ETH Treasury Exceeds $1 BillionBitMine Immersion Technologies, Inc. has surpassed SharpLink Gaming as the world’s largest corporate holder of ETH, with a strategic reserve exceeding 300,000 ETH, valued at over $1 billion. The milestone comes just days after SharpLink briefly overtook the Ethereum Foundation on the Strategic ETH Reserve leaderboard. A portion of BitMine’s holdings includes 60,000 ETH held through in-the-money options backed 1:1 by $200 million in cash, contributing to its billion-dollar valuation. According to Chairman Thomas Lee, BitMine’s long-term goal is to acquire and stake 5% of Ethereum’s total supply, which is approximately 6 million ETH.iShares Ethereum Trust Eyes StakingNasdaq filed Form 19b-4 with the SEC seeking to add staking to BlackRock’s iShares Ethereum Trust ETF. The filing seeks to remove a prior restriction that prevented the Trust from engaging in Ethereum staking. The iShares Ethereum Trust ETF currently holds over 2 million ether, which, if approved, could be staked via staking providers. Staking yield would be treated as income for the Trust. The Sponsor would manage staking under a custodial arrangement in line with regulatory guidance. The activation would improve returns for shareholders and contribute to the Ethereum network's security. The iShares Ethereum Trust ETF (ETHA) began trading in July 2024.Obol Institutional Report On EthereumDVT staking infrastructure provider Obol released an institutional report on Ethereum, positioning ETH as a productive treasury asset. The report highlights ETH’s unique value propositions: native yield through staking, deflationary supply dynamics via EIP-1559, and broad utility across DeFi, real-world assets, and stablecoins. The report notes that institutions are increasingly prioritizing ETH staking as a low-risk yield strategy. Over 1.7 million ETH, worth approximately $6 billion, is now held in Strategic ETH Reserves. Obol identifies Ethereum’s adoption as a base settlement layer for global tokenized assets as ETH’s trillion-dollar catalyst. Obol plays a role in Ethereum staking by providing Distributed Validator Technology (DVT), which eliminates single points of failure and enhances security.Other NewsHeadliner picks from client teamsGlamsterdam headliner community callThe Glamsterdam equationOctant introduces v2 VaultsSharpLink plans to raise $5b10yrs of Ethereum local eventsSuccinct SP1-Contract-CallBitGo enables ETH stakingHamilton expands SCOPE to EthereumGrove hits 1m posts on LensRainbow v2 coming soonSwagtimus joins ArbitrumTrump to open retirement market to cryptoDisclaimer: Content is for informational purposes only, not endorsement or investment advice. The accuracy of information is not guaranteed.

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