U.S. Congress Passes GENIUS Act with Bipartisan Support
- Main event, leadership changes, market impact, financial shifts, or expert insights.
- Bipartisan support boosts stablecoin framework.
- Regulatory clarity expected for crypto industry.
The U.S. House of Representatives passed the GENIUS Act on July 17, 2025, achieving a strong bipartisan vote and paving the way for President Trump’s approval.
With the act’s approval, the U.S. aims to establish a robust regulatory framework for stablecoins, directly impacting assets like USDT and USDC. The GENIUS Act’s congressional success highlights significant bipartisan collaboration, underscoring unified steps towards regulating digital currencies.
President Trump is set to approve the act after Republican leaders in Congress managed discussions among party members. House Speaker Mike Johnson played a crucial role in resolving procedural woes and securing votes. President Donald Trump remarked, “They have all agreed,” referring to Republican unity on advancing the GENIUS Act as noted in a CBS News article.
Passage of the GENIUS Act is expected to provide legitimacy and regulatory clarity to the $250 billion stablecoin sector. Stablecoins are directly affected, while cryptocurrencies like ETH and BTC may benefit from market optimism and potential regulatory precedence.
Financial and market implications will likely include increased institutional participation and stablecoin-backed projects. This shifts the current landscape, offering a clearer path forward for crypto-related businesses.
The act sets a regulatory benchmark, drawing parallels with Europe’s MiCA legislation, which also catalyzed stablecoin activities. This may lead to an increased presence of stablecoin-friendly DeFi projects and enhanced legal frameworks.
