The U.S. House of Representatives has approved a bill to regulate stablecoins, which received bipartisan support. The document, known as the Genius Act, calls for mandatory asset reservation and disclosure of the collateral structure of dollar-linked tokens. Since the Senate already approved a version of the bill in June, it now heads to the president for his signature.At the same time, the House passed the Clarity Act, a document that delineates the jurisdiction of the SEC and the CFTC, determining which crypto-assets are securities and which are commodities. This bill, as well as the approved act to ban central bank digital currency, has been sent to the Senate.All of these measures reflect the U.S. course of liberalizing crypto policy.Bitcoin remains in a consolidation phase, with Ether reaching all new highs. A significant increase in the volatility of bitcoin quotes is possible when the further fate of the Clarity Act is clarified.