Trump is near his first major crypto policy victory

Next week, President Donald Trump was able to achieve his first landmark legislative victory in crypto policy as House Republicans advance bills passed in the Senate to set formal guidelines for stubcoin.

House lawmakers will vote early next week for Senate “genius acts” next week, according to Politico.

The move introduces the country’s first regulatory structure for digital tokens tied to the country’s stubcoins, dollars. The law won bipartisan approval in the Senate last month, likely passing Congress’ first cryptographic law.

If the president signs the measure, the crypto industry may enjoy a great boost after years of calling for wider acceptance.

Advocates argue that explicit federal approval and a dedicated rulebook for stubcoin will encourage wider use and promptly promote mainstream financial institutions to explore digital assets.

The new law could also prove to be beneficial to the president’s family from last year. His sons launched a venture to publish Stablecoin.

In addition to Stablecoin Bill, the House will vote next week for a broad revision of crypto surveillance, which will divide liability between the Securities and Exchange Commission and the Commodity Futures Trading Commission.

A third proposal to ban the US Central Bank’s digital currency is also on the table.

House Ends combine crypto bills and push

The House Rules Committee will meet at 4pm Monday to look into all three measures and could pave the way for floor voting by Tuesday.

These votes will end House GOP’s efforts by bundling all three code bills into one package to put pressure on the Senate. Instead, Trump-backed Senate Republicans ran a public campaign that successfully completed the standalone genius law.

The Senate’s main GOP figures vowed to address the independent market structure bill in September.

Previously, President Trump argued that cryptocurrency is “surged” from the roof and praised the economic agenda under his leadership for fueling his tariff strategy and digital asset rally.

House leaders intend to forward the Senate’s ridiculous laws to not change to President, but they continue to ask for tweaks.

The revised draft of the broader market structure proposal, released Thursday by House Financial Services Chair French Hill, incorporates a revised section of the Genius Act.

The proposed adjustments include updated accounting protocols, authorization of stubcoin for product support, and stronger issuance oversight required by both private and public non-financial entities to ensure approval from designated review boards prior to launching the stubcoin.