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Crypto Momentum Builds: US House Passes Landmark Bill to Boost Blockchain Adoption
By Bitcoinist | June 2025
In a bipartisan push to strengthen U.S. competitiveness and innovation, the U.S. House of Representatives has passed new legislation aimed at accelerating the adoption of blockchain and distributed ledger technologies (DLT) across public and private sectors.
Blockchain Promotion Bill Clears the House
On Thursday, policy platform Bitcoin Laws reported that the House approved HR 1664 — the Deploying American Blockchains Act of 2025. This bill directs the U.S. Secretary of Commerce to lead national efforts in advancing blockchain use cases and ensuring U.S. leadership in this strategic technology.
Originally introduced in February by Rep. Kat Cammack (R-FL) and co-sponsored by Rep. Darren Soto (D-FL), HR 1664 outlines the creation of a Blockchain Deployment Program. The program is tasked with:
- Developing best practices for blockchain integration
- Advising the President on blockchain deployment and competitiveness
- Promoting national security and economic interests through secure DLT use
- Coordinating across federal agencies to provide unified support for blockchain adoption
“This is a forward-thinking bill that places blockchain on the national agenda as a tool for innovation, transparency, and strategic advantage,” said Rep. Cammack during committee discussions.
Advisory Committees and National Oversight
If enacted, the legislation mandates the formation of advisory committees within 180 days to assist in blockchain adoption strategy. These bodies will help shape regulatory, technical, and economic guidance for implementation across industries.
Senate Takes Up Crypto Legislation
The bill now moves to the Senate for consideration, continuing what many see as a wave of legislative momentum around digital assets. HR 1664 follows on the heels of two major crypto-related efforts:
- The GENIUS Act, a bill focused on stablecoin regulation, which recently cleared the Senate
- The CLARITY Act, the House’s crypto market structure bill, which advanced through committee markups
Although discussions continue about merging GENIUS and CLARITY, some lawmakers prefer to keep them separate for strategic passage.
White House Crypto & AI Czar David Sacks summarized the expected timeline:
“July will be a big month — with a bill signing for GENIUS and CLARITY going to the Senate!”
A New Legislative Roadmap for Crypto in America
According to Senate Banking Committee Chair Tim Scott, lawmakers are now targeting a markup in early September and final passage by September 30, staying ahead of the August recess.
With President Donald Trump voicing support for both GENIUS and CLARITY, the stage is set for a landmark summer in U.S. crypto policy.
“President Trump supports CLARITY on market structure as well as GENIUS on stablecoins,” said Sacks, reinforcing the administration’s commitment to crypto innovation.
@ Newshounds News™
Source: Bitcoinist
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Ripple Ends Legal Fight With SEC: “We’re Closing This Chapter Once and for All,” Says CEO
By The Block | June 2025
In a significant development for the crypto industry, Ripple Labs is officially ending its years-long legal battle with the U.S. Securities and Exchange Commission (SEC). The decision, announced Friday by CEO Brad Garlinghouse, marks a definitive conclusion to one of the longest and most closely watched regulatory disputes in crypto.
Ripple Drops Cross-Appeal in SEC Lawsuit
Taking to X (formerly Twitter), Garlinghouse stated:
“We’re closing this chapter once and for all, and focusing on what’s most important – building the Internet of Value. Lock in.”
Garlinghouse confirmed that Ripple is dropping its cross-appeal, which would have challenged separate elements of the court’s decision. A cross-appeal allows a party to contest different parts of a ruling not addressed in the original appeal.
Background: Ripple’s $1.3 Billion SEC Battle
The case began in 2020, when the SEC accused Ripple of conducting an unregistered securities offering by selling $1.3 billion worth of XRP. The commission claimed that XRP was a security under U.S. law.
In a landmark 2023 ruling, Judge Analisa Torres of the U.S. District Court for the Southern District of New York issued a mixed decision:
- Programmatic XRP sales on exchanges did not violate securities laws, due to the blind bid/ask process.
- Direct institutional sales did constitute securities transactions, exposing Ripple to penalties.
This second finding led to a $125 million civil penalty against the company.
Ripple and SEC Motion Rejected by Judge Torres
Garlinghouse’s announcement came one day after Judge Torres rejected a joint motion from Ripple and the SEC to modify the existing injunction. The two parties had requested a ruling to:
- Dissolve the existing injunction
- Allow $50 million of the $75 million penalty to be paid to the SEC
- Allocate $25 million to Ripple as part of the resolution
The court denied the motion, maintaining its previous rulings.
Ripple Moves On From Legal Saga
Though Ripple had already stated back in March that it would not pursue a cross-appeal, Friday’s statement puts an official capstone on the case. A Ripple spokesperson declined to comment further.
The conclusion of this legal chapter may allow Ripple to re-focus its resources on international expansion and XRP Ledger development, free of the uncertainty that has loomed over the company since 2020.
With the cross-appeal dropped, Ripple now stands fully compliant with the court’s rulings and regulatory penalties, potentially setting a new precedent for future crypto-related enforcement actions.
@ Newshounds News™
Source: The Block
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