House Passes Landmark GENIUS Act, Ushering In First US Crypto Law

The U.S. House of Representatives has passed the GENIUS Act with a decisive 308–122 bipartisan vote, marking the first comprehensive crypto legislation to clear Congress. The bill, focused on stablecoin regulation, now moves to President Trump's desk for expected approval.

Market participants are interpreting this regulatory clarity as a potential catalyst for renewed interest in early-stage crypto projects. Presale activity is already showing signs of acceleration, particularly for compliant offerings with staking mechanisms or utility features.

Senator Bill Hagerty's legislation establishes clear frameworks for asset-backed stablecoins, resolving years of regulatory uncertainty. The MOVE represents a significant pivot from previous congressional approaches to digital assets.