US Crypto Legislation Nears Finish Line with GENIUS and CLARITY Acts

Washington is poised for a watershed moment in cryptocurrency regulation. The GENIUS Act, a bipartisan stablecoin framework passed 68-30 by the Senate, could reach President Trump's desk alongside the CLARITY market structure bill as early as July 7. House Republicans are considering a combined procedural vote, accelerated by Trump's recent "LIGHTNING FAST" endorsement.

The legislative push reflects crypto's growing political capital. The GENIUS Act establishes federal oversight for dollar-pegged stablecoins—a critical infrastructure piece for private digital dollar issuers. Meanwhile, the CLARITY Act would provide long-sought regulatory clarity for crypto markets.

Industry momentum builds as key figures like Crypto Czar David Sacks predict a July bill signing, crediting Senators Tim Scott and Cynthia Lummis for advancing the timeline. This comes amid Trump's deepening ties to digital assets, with his campaign and business ventures increasingly intertwined with crypto ecosystems.