On July 17, the US House of Representatives voted 308-122, in favour of the Genius Act. This law is currently heading towards the president Trump’s The desk potentially sets the stage for the first clear federal rules regarding digital tokens for dollar pegs.
Stablecoins are in the spotlight
Genius act I’ll layout it a Simple Rules: All Stablecoins must provide one-to-one support for cash or liquid assets. and Issuers must create these reserves public. Supporters say This helps prevent another terra-style meltdown give US users use coins whenever possible actually trust.
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Tomorrow Friday at 2:30pm EST
The moments of history are recorded for history
Signing ceremony for industry leaders and lawmakers is there to witness Trump
Signing the Genius Act 🎉🔥🥳https://t.co/ixrrl0a92y pic.twitter.com/pjjlqxlveo
– Majeed July 17, 2025
Movement too answer Increased pressure from Crypto supporters ask For clearer rules Around it Transparency and security.
3 invoices, 1 big push
Stablecoin Bill is part of a wider package. Alongside the Genius Act, the House has passed the Clarity Act and the CBDC Surveillance National Act. By giving Clarity Act more control over the crypto market to the CFTC, the CBDC bill aims to block the Federal Reserve’s digital dollar efforts. Republicans have moved all three forward while they’re doing Called “Crypto Week,” A set of coordinated legislative measures aimed at rewriting Country An approach to digital assets.
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Trump’s Cryptographic Pivot
President Trump is openly supporting him Crypto Over the last few months, he has revealed what he wants look It is led by the United States. Signing a genius act will help him to show a follow-through to that message.
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It’s in contrast to the previous one Administration A more cautious approach is hard to overlook, and Trump has embraced crypto policy as a wedge issue heading into election season.
Not everyone It’s for sale
Not everyone praises it. Representatives like Maxine Waters and Elizabeth Warren, building Lack of stronger protections. They also flagged potential conflicts of interest, noting that some members of the Trump family have connections with crypto companies. Meanwhile, trade groups see the bill as a welcome signal that Washington is willing to engage rather than ultimately limit it.
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The Senate is still playing
The Genius Act has already passed the Senate, but the other two bills still need to clear that room. The big question now is whether Senate leaders will track them quickly or if they’ve got stuck. in any case, The results can determine how much regulatory clarity the crypto market will become Get it before the next election.
What the market thinks
Traders saw this coming. Bitcoin was already stable when the bill was passed prior to the vote. Analysts say the next stage will depend on what happens in the Senate. Congress continues and when the president signs all three bills, it opens the door to new capital flowing into space. especially From the institution that stayed on the bystanders.
I’ll summarise that
The act of genius could be the beginning of a new phase in US crypto policy. It sets precedents on stubcoin, indicating that lawmakers are beginning to take digital assets seriously. but The actual test will be what happens next and whether the Senate and the White House will be able to do turn around This momentum towards lasting law.
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Key takeout
The US House of Representatives passed the Genius Act with 308-122 votes and sent the first major stubcoin bill to President Trump for approval.
The Genius Act requires that all stubcoins be supported one-to-one with cash or liquid assets and provides full public reserve disclosure.
This is part of a broader effort, including the Clarity Act and the Anti-CBDC Act, passed during the Republican-led Crypto Week.
Trump’s open support for Crypto will respond to pressure on the Senate, particularly during full-scale election season.
The market was still held steadily after the vote, but now there is a shift in attention to whether the Senate will advance the full package.
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