news 
US House passes GENIUS stablecoin bill, awaits Trump’s signature
In a significant development for the crypto industry, the United States House of Representatives has passed the GENIUS Act, a sweeping legislation aimed at establishing a national regulatory framework for payment stablecoins. The bill will now be sent to President Donald Trump’s desk, where it is expected to be signed into law in the near future.
The passage of the GENIUS Act marks a historic moment in the development of federal oversight of stablecoins and the broader crypto sector. By providing clear regulatory guardrails for issuers, investors, and regulators, this legislation aims to bring much-needed clarity to the $264 billion stablecoin market.
The bill’s passage comes after lawmakers had initially anticipated reconciling it with the House’s alternative proposal, the STABLE Act. However, under pressure from Trump, they chose to move forward with a clean version of the GENIUS Act without any additional provisions or amendments. The President took to social media platform Truth Social, urging lawmakers to “Get it to my desk, ASAP — NO DELAYS, NO ADD ONS.”
The move is seen as a crucial step towards fostering broader adoption and promoting market stability in the stablecoin industry. Crypto advocates have long argued that regulatory certainty around stablecoins is essential for digital assets to safely integrate into the existing financial system.
It remains to be seen whether President Trump will sign the bill into law. However, given the strong bipartisan support the legislation has received, it is likely that he will do so.
Source: cryptobriefing.com
