GENIUS Act Advances to House After Senate Approval, Stablecoin Regulation in Focus
The GENIUS Act, a pivotal stablecoin regulation bill, cleared the U.S. Senate with a 68-30 bipartisan vote, signaling strong legislative momentum. The bill now moves to the House of Representatives, where its fate hinges on whether lawmakers preserve its current FORM or merge it with the broader CLARITY Act.
House Republicans, led by Majority Whip Tom Emmer, are pushing to combine GENIUS with CLARITY—a comprehensive crypto market structure bill. This maneuver risks delaying stablecoin oversight despite former President Trump's demand for immediate passage. Market participants await clarity as the House deliberates whether to fast-track standalone stablecoin rules or pursue sweeping crypto legislation.