Key Takeaways
The US House passed the GENIUS Act, creating a national stablecoin regulatory framework.
The bill moves to President Trump’s desk and could soon become law.
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The US House of Representatives on Thursday voted 308–122 to pass S. 1582, the GENIUS Act, a sweeping bill designed to establish a national regulatory framework for payment stablecoins.The bill, which cleared the Senate last month, is now on its way to President Donald Trump’s desk and is expected to be signed into law as early as Friday.The White House is already planning a signing ceremony for tomorrow, according to journalist Eleanor Terrett.
🚨NEW: The White House is preparing for passage of the GENIUS Act today, with a signing ceremony for industry leaders and lawmakers being noticed for 2:30PM EST tomorrow, according to some invitees.
— Eleanor Terrett (@EleanorTerrett) July 17, 2025Lawmakers had initially anticipated reconciling the GENIUS Act with the House’s stablecoin proposal, the STABLE Act. But that plan was shelved under direct pressure from Trump.“Get it to my desk, ASAP — NO DELAYS, NO ADD ONS,” Trump posted on Truth Social, pushing for a clean stablecoin bill without amendments or additional provisions.The vote came just one day after the House advanced a package of three major crypto bills, including the GENIUS Act, the Clarity Act, and the Anti-CBDC Surveillance Act, after prolonged internal disputes over language in the anti-CBDC bill had stalled momentum.Landmark victoryThe House passage marks a historic first step by the US Congress toward establishing comprehensive federal oversight of stablecoins and the broader crypto sector.The legislation aims to establish clear regulatory guardrails for the $264 billion stablecoin market, providing much-needed clarity for issuers, investors, and regulators.
