The U.S. House of Representatives on 18 July passed three cryptocurrency bills, two days after House Financial Services Committee Chair French Hill said he had secured sufficient support for the package. The centerpiece, the Generating Encryption Novel Innovation for the United States (GENIUS) Act, would create the first federal framework for dollar-pegged stablecoins, mandating 1:1 reserve backing and regular audits. The measure, which cleared the chamber with bipartisan votes, now heads to President Donald Trump for signature. Companion legislation sets out broader rules for digital-asset trading platforms and sketches parameters for any future U.S. central-bank digital currency, aiming to give the fast-growing industry long-sought regulatory clarity while bolstering consumer protections. Crypto markets welcomed the moves. Ether rose 3.6% to $3,558.68, bringing its weekly gain to 19%. Exchange-traded funds tracking the token drew $602 million of net inflows on Thursday, led by BlackRock’s iShares Ethereum Trust, surpassing Bitcoin-linked ETFs for the first time. Shares of Coinbase Global and Robinhood Markets each advanced more than 4%, while Bitcoin slipped 1%.