BREAKING: The GENIUS Act Passes—Here’s Why Crypto Just Won Big
The GENIUS Act just cleared its final hurdle—and the crypto space is already pricing in the implications. This isn’t just regulatory clarity; it’s a full-throttle endorsement of blockchain innovation. Buckle up.
### What’s in the Fine Print?
No handouts, no corporate welfare—just a streamlined framework for decentralized tech. Finally, lawmakers grasp what builders knew all along: protocols aren’t securities, and code isn’t a conspiracy.
### The Institutional Floodgates Open
Hedge funds were lurking at the edges with billion-dollar war chests. Now? Watch custody solutions and ETF filings multiply faster than a memecoin’s market cap.
### The Cynic’s Corner
Sure, Wall Street will twist this into another fee-extraction racket—but even they can’t kill decentralization’s endgame. The GENIUS Act? More like the *‘finally caught up’* Act.
I would like to congratulate the House of Representatives on passing the GENIUS Act and commend the work both the House and Senate put into this important legislation. Advancement of this bill to President Trump’s desk marks a historic milestone for crypto entrepreneurs, financial market participants, and everyday Americans. I would like to thank Senate Banking Committee Chairman Tim Scott, House Financial Services Committee Chairman French Hill, Senator Cynthia Lummis, and my longtime friend Senator Bill Hagerty, who sponsored this legislation, for their leadership in advancing this much-needed legislation.
Blockchain and crypto asset technologies have the potential to revolutionize America’s financial infrastructure and deliver new efficiencies, cost reductions, transparency, and risk mitigation for the benefit of all Americans. Innovators experimenting with these exciting technologies deserve clear rules of the road, which the GENIUS Act provides for payment stablecoins. Over the coming months and years, I look forward to watching the market leverage the regulatory framework provided by the GENIUS Act to go to market with payment stablecoins solutions that make transactions quicker, cheaper, and safer—all while maintaining robust risk safeguards.
Financial innovation is critical for making the U.S. the best and most secure place in the world to invest and do business. This is an important step to spur innovation by providing the crypto industry with clear rules of the road. Today’s passage of the GENIUS Act sends a powerful message that this Administration is charting a new course. I look forward to continuing to work to make America—already the world’s leader in financial market innovation—the center of crypto asset innovation as well.
Source: SEC
Brad Garlinghouse, chief executive at digital asset firm Ripple, said:The last major financial regulation bill was passed 15 years ago in response to the 2008 financial crisis.
Tomorrow, the signing of the GENIUS Act cements the US’s future in being a leader in truly innovative financial technology – stablecoins. This moment is a historic one, and… https://t.co/002tVEofWs
— Brad Garlinghouse (@bgarlinghouse) July 17, 2025
The following statement is attributed to Blockchain Association CEO @SKMersinger following the passage of the GENIUS Act: pic.twitter.com/qi8KGGYDz2
— Blockchain Association (@BlockchainAssn) July 17, 2025
The U.S. House of Representatives passed the CLARITY Act, GENIUS Act, and Anti-CBDC Surveillance State Act.House Committee on Financial Services Chairman French Hill (AR-02) issued the following statements:
On the CLARITY Act, which passed 294 to 134: “Today, the House passed landmark legislation that establishes clear rules of the road by creating a functional regulatory framework for digital assets,” said Chairman Hill. “This is the pivotal moment for American innovation and a critical step forward in protecting consumers and investors alike. I thank Majority Whip Tom Emmer, House Agriculture Committee Chairman Thompson, Chairmen Steil and Johnson, and all members who joined me in leading these efforts for digital assets over the years. Our work does not stop here, and I look forward to continuing to work with President TRUMP and partner with my colleagues in the Senate to enact the CLARITY Act.”
On the GENIUS Act, which passed 308 to 122: “Our years of diligent work in Congress to bring clarity to payment stablecoins has reached a historic turning point. President Trump called on Congress to send him landmark legislation to his desk by August and we have delivered,” added Chairman Hill. “I commend my colleagues, Senate Banking Chairman Tim Scott, Senators Bill Hagerty and Cynthia Lummis, on their leadership and in crafting a strong bipartisan partnership for guiding this legislation across the finish line. I look forward to President Trump signing GENIUS into law in short order and working with our regulators on implementing this important bill to establish U.S. leadership in this space.”
On the Anti-CBDC Surveillance State Act, which passed 219 to 210: “A fundamental choice is at stake about the future of money in America – a choice between privacy and government control. Whip Emmer’s Anti-CBDC Surveillance State Act safeguards the privacy of Americans by prohibiting the creation of a Central Bank Digital Currency in the United States,” stated Chairman Hill. “I applaud the House’s passage of his legislation and thank him for the work he has done to elevate this issue in Congress.”
Source: U.S. House Committee on Financial Services
