The US House of Representatives passed three key pieces of crypto legislation on Thursday, July 17, which could pave the way for greater clarity on the legal status of Fan Tokens – potentially leading to adoption in the US.

The Digital Asset Market Clarity Act of 2025 would divide regulatory duties for different digital assets between two U.S regulatory bodies – the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC). This bill would provide clear legal definitions for three forms of digital asset – commodities, securities and stablecoins.

The GENIUS Act would seek to provide a clear regulatory framework for stablecoins – a type of cryptocurrency tethered to the value of a national fiat currency. The most well-known stablecoin, Tether USD, recently acquired a 10.7% stake in Italian club Juventus, in one of the largest deals between a crypto firm and a footballing institution.

The pieces of legislation must still pass a Senate vote, however U.S President Donald Trump has expressed an eagerness for the bills to go through, and wants to sign them as soon as possible as part of his administration’s “Crypto Week”.

If the bills are signed, it would create an even more favourable environment for innovation and adoption of blockchain technology across mainstream sectors like sport.

Chiliz, creators of Fan Tokens, previously held agreements with franchises across the major US sports leagues, including the NBA, NFL, NHL, MLB and MLS, but retreated from the market due to regulatory uncertainty at the time.

However, conditions now look promising for the re-entry to the market, with CEO Alexandre Dreyfus meeting with Bo Hines – White House Executive Advisor for Digital Assets – earlier this year. Chiliz has also held meetings with the SEC ahead of a potential return to the US.