Trump Secures House Support for GENIUS Act, Paving Way for Stablecoin Regulation

U.S. President Donald TRUMP has rallied critical House support for the GENIUS Act, a landmark stablecoin bill poised to establish regulatory clarity for digital assets pegged to traditional currencies. Eleven of the twelve necessary congressional members have committed to backing the legislation following an Oval Office meeting, with House Speaker Mike Johnson confirming plans for an expedited vote.

The breakthrough comes after procedural delays stalled earlier crypto bills due to partisan disagreements. Trump's direct involvement appears to have broken the legislative logjam during what House Republicans have dubbed "Crypto Week." The GENIUS Act represents a significant step toward formal oversight of stablecoins, whose growing role in cryptocurrency trading has demanded regulatory attention.

Market observers note the legislation could catalyze broader institutional adoption of dollar-pegged digital assets, though its ultimate Senate prospects remain uncertain. The WHITE House engagement signals mounting political recognition of cryptocurrency's evolving role in global finance.