19.07.2025 12:06

The United States Congress has taken a significant step towards clarifying the regulatory landscape for cryptocurrencies. The passage of the GENIUS Act, along with the CLARITY Act and an Anti-CBDC bill, marks a pivotal moment for the industry. This bipartisan support in the House demonstrates a growing acknowledgement of crypto's influence within the US financial system, despite ongoing Senate deliberations.

The GENIUS Act, or Guiding and Establishing National Innovation for US Stablecoins Act, is poised for presidential approval. This legislation seeks to create a robust regulatory structure for stablecoins, ensuring transparency and financial stability. Implementation is anticipated within either 18 months of presidential signature or 120 days following the completion of federal regulatory rulemaking. Crucial components of the act include strict reserve requirements and adherence to the Bank Secrecy Act, aiming to bolster accountability among stablecoin issuers.

Legal analysts, including Logan Payne of Winston & Strawn, predict that the GENIUS Act will likely prompt many stablecoin providers to seek bank charters. This move would allow them to broaden their operations beyond simply issuing stablecoins. The combined passage of these bills represents a substantial advancement in establishing clearer regulations for digital assets in the United States, shaping the future of the cryptocurrency market. The ongoing Senate scrutiny, while potentially slowing the process, does not diminish the importance of this legislative milestone.