⚖️ US passes GENIUS ACT - First Crypto Legislation

House Passes Landmark Stablecoin and Crypto Rules After GOP Showdown

After a record nine-hour procedural delay, the House passed a trio of crypto-related bills Thursday, including the GENIUS Act, a landmark effort to regulate stablecoins. The bill, which passed 308–222, would impose new rules on banks and private issuers of dollar-pegged cryptocurrencies, aiming to create stability and investor protections in a rapidly growing sector. It now heads to President Trump’s desk, alongside the Digital Asset Market Clarity Act, which divides regulatory authority between the SEC and CFTC, and the Anti-CBDC Act, which prohibits the Federal Reserve from issuing a central bank digital currency.

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Compromise, Crypto Politics, and Conservative Leverage

Republican holdouts, including Reps. Chip Roy, Anna Paulina Luna, and Marjorie Taylor Greene initially blocked the crypto package over procedural concerns and privacy fears related to digital currencies. Speaker Mike Johnson ultimately caved to demands by tying the Anti-CBDC bill to the must-pass National Defense Authorization Act, which led the rebels to drop their opposition. Trump, who lobbied behind the scenes and whose companies are increasingly crypto-aligned, claimed credit for helping smooth over tensions, though the standoff revealed fractures within the GOP’s libertarian and institutional wings.

The U.S. Crypto Market Just Got a Lot More Real

With the GENIUS Act and other crypto bills poised to become law, the U.S. is entering a new era of crypto oversight, one that could drive legitimacy and institutional adoption. Stablecoin issuers will need to comply with more straightforward guidelines, while developers and investors may finally get answers on whether their assets are securities or commodities. But the ban on a federal digital dollar signals that privacy fears and anti-surveillance sentiment still drive much of the crypto policymaking — and that states and the private sector will remain central to America’s digital currency future.

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