GENIUS Act Passes House, Federal Stablecoin Regulation Awaits
- GENIUS Act passed to regulate stablecoins federally.
- President Trump’s signature pending.
- 102 Democrats joined Republicans for bipartisan support.
The U.S. House of Representatives passed the GENIUS Act on July 17, 2025, creating a federal regulatory framework for stablecoins, now awaiting President Trump’s signature.
The GENIUS Act aims to establish national regulation for stablecoins, impacting industry practices and market dynamics, with stakeholders anticipating the President’s decision.
GENIUS Act Gains Bipartisan Support in House Approval
On July 17, 2025, the U.S. House approved the GENIUS Act to regulate payment stablecoins. This legislation follows bipartisan support and aims for a uniform federal-state regulatory framework.
The Act received bipartisan backing with key negotiations led by House Speaker Mike Johnson. President Trump supported the initiative, aligning with his administration’s push for comprehensive crypto policies.
Mike Johnson, House Speaker (R-La.), – “We reached across the aisle to ensure that this legislation would benefit all Americans, fostering innovation while keeping consumer protections in place.” CBS News
New Regulatory Regime Set to Influence Stablecoin Market
The Act introduces a regulatory regime for stablecoin issuers, potentially affecting liquidity and market stability. Industry participants may adjust to align with these new compliance requirements.
Financially, this move could alter the landscape for stablecoin transactions, influencing assets like USDT and USDC. Politically, it signals increased attention on digital asset regulations.
Legislative History Points to Growing Regulatory Clarity
Previous attempts like the STABLE Act failed to pass with this level of federal clarity. Prior similar measures have led to increased alignment with regulatory compliant coins.
The GENIUS Act could lead to a shift in stablecoin activities towards regulated entities, potentially increasing institutional adoption. Historical data suggests DeFi protocols may see notable impacts during the compliance transition. Financial experts regard this development as pivotal for the future of digital finance frameworks.
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