BREAKING: GENIUS Act Makes History as First US Crypto Law Passes House
Crypto just scored its biggest political win yet—and Wall Street's gonna hate it.
The GENIUS Act bulldozes through Congress, marking the first-ever US federal crypto legislation. No more regulatory limbo—just a clear path for digital assets to shake up traditional finance.
Key takeaways:
- House approval unlocks next-phase Senate showdown
- Establishes legal framework for stablecoins and exchanges
- Paves way for institutional adoption (and yes, more volatility)
Wall Street banks are already lobbying to water it down—because nothing terrifies legacy finance like transparency. The revolution just got official.
GENIUS Act Stablecoin Regulation Finally Passes
The GENIUS bill requires stablecoin issuers to hold, undergo regular audits, and register with federal or state regulators. It also bans unbacked algorithmic stablecoins.
Importantly, it introduces a—giving both federal and state authorities power to approve and supervise issuers.
Lawmakers passed the bill with strong bipartisan support. The Senate approved it earlier this month, making today’s House vote the final hurdle.
President Trump’s administration helped broker the deal during this week’s political standoff. The legislation passed shortly after the CLARITY Act advanced through the House.
With Trump’s signature expected today, the law will take effect. Agencies like theandwill now draft implementation rules.
For the crypto sector, this marks a turning point. US-regulated stablecoins now have a legal foundation to grow—with guardrails for safety and transparency.
However, critics warn the law could stifle smaller issuers and entrench big players like Circle and PayPal. Privacy advocates also raise concerns about surveillance risks.
Even so, the GENIUS Act now forms the regulatory bedrock for US dollar-backed stablecoins—an essential piece for crypto’s broader adoption.
- Trump to sign into law within hours
- Regulatory agencies to issue rules by 2026
- Stablecoin issuers must begin compliance preparation immediately