Crypto Week Kicks Off in Washington with Stablecoin Vote Looming and Market Structure Bill in Focus

Washington's crypto week begins with high-stakes legislative action as the GENIUS Act, a Senate-passed bill to regulate stablecoin issuers like Tether and Circle, heads toward a House vote. President Donald Trump has thrown his weight behind the bill, positioning it as a cornerstone of his promised "crypto summer." The House appears ready to fast-track the GENIUS Act without reconciling it with its own STABLE Act, clearing the path for Trump to claim another legislative victory.

Meanwhile, lawmakers are shifting focus to the Digital Asset Market Structure Clarity Act, a broader regulatory framework for the U.S. crypto markets. This bill will take center stage in a Senate hearing this Wednesday, marking a critical step toward addressing the largely unregulated crypto economy. Senator Bill Hagerty, sponsor of the GENIUS Act, has already signaled his readiness to move forward, stating, "I look forward to enacting the GENIUS Act into law."