18.07.2025 08:01
President Trump is poised to sign the GENIUS Act, a groundbreaking bill establishing a federal framework for stablecoins, marking a significant milestone for cryptocurrency regulation in the United States. The House overwhelmingly approved the bill, demonstrating strong bipartisan support with a considerable margin. This decisive victory follows a week of intense legislative activity, culminating in the Act's swift passage and imminent presidential signature. A planned signing ceremony further underscores the administration's commitment to this historic piece of legislation.
Furthermore, the House also passed the CLARITY Act, a bill designed to regulate a broader range of crypto assets. This unexpected success, significantly exceeding expectations, included support from 78 Democrats, defying anticipated party lines. The bill's passage reflects a growing recognition within Congress of the importance of providing a clear regulatory structure for the cryptocurrency market.
The successful passage of both bills represents a monumental achievement for the cryptocurrency industry. Years of dedicated effort, substantial financial investment, and countless hours of lobbying have finally yielded tangible results. Industry leaders celebrated the twin victories as a historic win, legitimizing their operations and paving the way for future growth and innovation within the sector. Amanda Tuminelli, executive director of the DeFi Education Fund, aptly summarized the significance, describing the stablecoin legislation's passage as a historic achievement, a testament to innovation, and a vital step in defining a clear regulatory pathway for digital assets. The GENIUS Act's approval sets a crucial precedent, firmly establishing the United States as a leader in responsible cryptocurrency regulation. This success underscores the influence of sustained advocacy and the increasing recognition of the cryptocurrency industry's potential.