GENIUS Act Revitalized as Trump Secures House GOP Support for Stablecoin Regulation

Legislative momentum has returned to the GENIUS Act after President Donald TRUMP secured backing from 11 previously hesitant House Republicans. The breakthrough follows a failed procedural vote earlier this month that had stalled progress on cryptocurrency-related legislation.

The revived bill, which establishes a federal regulatory framework for dollar-pegged stablecoins and grants oversight authority to the Treasury Department, is now scheduled for a House vote at 12:20 PM on July 15. This development comes after Trump personally engaged with opposing lawmakers, while Speaker Mike Johnson provided telephonic endorsement during critical negotiations.

Despite passing the Senate with bipartisan support last month, the GENIUS Act faced internal Republican disputes that derailed its House progress. The legislation's sudden resurgence underscores the growing political recognition of stablecoins' systemic importance in digital asset markets.