🚀 GENIUS Crypto Bill Passed – Stablecoins Poised to Hit $3.7T by 2030?

The crypto world just got a major boost—Washington's GENIUS bill clears the final hurdle, paving the way for stablecoins to go mainstream. Could this be the rocket fuel that propels them to a $3.7 trillion market by 2030?

### Regulatory Green Light Sparks Frenzy

After years of regulatory limbo, the bill gives stablecoins a legal framework—finally letting institutions play without sweating the SEC's wrath. TradFi banks are already scrambling to carve out their slice of the pie (better late than never, right?).

### The $3.7T Question

Analysts project stablecoin adoption could explode 10x in five years—if DeFi keeps eating traditional finance's lunch. But let's be real: Wall Street will find a way to slap on fees and slow things down.

### The Bottom Line

This isn't just about crypto nerds anymore. The GENIUS bill might've just handed stablecoins the keys to the financial system—unless the suits mess it up first.

Will GENIUS Act become law by August?

For his part, David Sacks, crypto and AI czar, hailed Senator Bill Hagerty, the sponsor of the bill, and Trump’s leadership in advancing the legislation. He added that the bill would bring ‘U.S. dollar dominance online.’

Hargety reinforced a similar stance, adding that it would ‘improve efficiency’ and reduce cost for users. 

“The efficiency it will bring by moving payments onto blockchain, it’ll take a lot of cost out of the system.” 

Source: Bitcoin Laws

Apart from the leading issuers, Tether (USDT) and Circle (USDC), players from TradFi are getting ready to get a share of the expected stablecoin boom. 

On Tuesday, JP Morgan tested its JPMD stablecoin on Ethereum’s Base, stating that it will for institutional clients.

Even Bank of America is reportedly considering developing a digital dollar with the expected regulatory clarity in the sector. 

The sector has grown massively, but operated in a gray area with no clarity. In fact, Ari Redbord, Global Head of Policy at blockchain intelligence firm, TRM Labs, told AMBCrypto, 

“In Q1 2025, stablecoins accounted for 28% of all crypto transaction volume. They also accounted for 60% of illicit transaction volume across the crypto ecosystem.” 

Source: TRM Labs

However, the GENIUS Act will offer clarity and improve protection going forward, added Redbord. 

“The GENIUS Act marks a significant shift — aiming to align consumer protection and financial oversight with the realities of innovation and market demand.” 

Next, the GENIUS Act will be reconciled with the House’s STABLE Act before submission for presidential action. Galaxy Research’s Alex Thorn estimated that President Donald TRUMP could act on it by August.