U.S. House Approves GENIUS Act, Landmark Stablecoin Bill Heads to Trump for Final Signoff

The crypto industry secured a pivotal regulatory victory as the U.S. House passed the GENIUS Act with bipartisan support, clearing a path for stablecoin integration into mainstream finance. A 308-122 vote saw over 100 Democrats join Republicans in backing the bill, which SEC Chair Atkins hailed as a framework to 'spur innovation.'

Republican-led efforts to designate mid-July as 'crypto week' faced headwinds from Democratic opposition, including ethics concerns raised by Rep. Maxine Waters regarding TRUMP family crypto dealings. Procedural delays over potential CBDC provisions briefly stalled progress before resolving.

This legislative milestone signals growing institutional acceptance of dollar-pegged cryptocurrencies, potentially catalyzing broader adoption across payment systems and financial infrastructure. Market observers anticipate positive Ripple effects for compliant stablecoin issuers and trading platforms.