Crypto markets remain flat even as House clears all three major crypto bills originally appeared on TheStreet .

In a week of landmark legislative wins for the crypto industry, the U.S. House of Representatives has now passed all three key bills — the CLARITY Act, the GENIUS Act, and the Anti-CBDC Surveillance State Act. But despite what many in the industry have called a historic breakthrough, markets are barely reacting.

Bitcoin is trading at $118,849, down 0.89% over the past 24 hours, while Ethereum is hovering at $3,389, down 0.27%. Even altcoins have remained mostly muted — with one exception, XRP, which is up over 8% on the day, continuing its bullish run this week.

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The CLARITY Act, passed 294 to 134 in the House, establishes how digital assets should be classified — either as securities under the SEC or commodities under the CFTC. The Anti-CBDC Surveillance State Act, passed by a narrow 219 to 217 vote , bans the Federal Reserve from issuing or testing a central bank digital currency without Congressional approval. Both now head to the Senate, where their future remains uncertain.

Only one of the three — the GENIUS Act, which regulates stablecoin s — has already cleared both chambers of Congress. It passed the Senate 68 to 30 earlier and sailed through the House with a 308 to 122 vote this week. It’s now on President Trump’s desk, making it the first major crypto bill on track to become law.

Still, crypto traders seem unfazed. According to Coinglass , 150,169 traders were liquidated in the past 24 hours, with total liquidations hitting $489.97 million. The largest single liquidation was a $3.21 million ETH-USDT long position on crypto exchange HTX.

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Meanwhile, in stock markets, major U.S. indexes surged to fresh records on Friday as upbeat earnings and stronger-than-expected economic data lifted investor sentiment. The S&P 500 jumped 0.54% to a record 6,297.36, logging its ninth all-time closing high of the year. The Nasdaq Composite also hit its tenth record of 2025, climbing 0.74% to finish at 20,884.27, driven by strength in tech stocks.

The Dow Jones Industrial Average rose 229.71 points, or 0.52%, to close at 44,484.49. Retail sales for June came in at 0.6%, beating expectations of 0.2%, while jobless claims fell, signaling a still-resilient economy. PepsiCo and United Airlines were among the big winners after reporting better-than-expected earnings, further boosting optimism as the Q2 earnings season gets underway.