GENIUS Act goes to House after Senate approval
The Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act has cleared the Senate with a 68–30 bipartisan vote and is now under review by the US House of Representatives.
The bill, seen as a landmark effort to provide national regulation for stablecoins, seeks to balance financial innovation with consumer protection and market stability, reports Cryptopolitan.
It represents one of the most significant federal moves to bring legitimacy and structure to the stablecoin market, which has rapidly grown without consistent oversight. If passed by the House as written, the GENIUS Act will head straight to President Donald Trump’s desk for final approval. However, House lawmakers are considering additional steps that could complicate the bill’s immediate trajectory.
House Lawmakers Push for Merger with Crypto Market Structure Bill
Key members of the House, including Republican Majority Whip Tom Emmer, are pushing to tie the GENIUS Act to the broader crypto regulatory framework known as the CLARITY Act. Unlike the GENIUS Act, which focuses solely on stablecoins, the CLARITY Act addresses the classification and oversight of all digital assets, including decentralized finance (DeFi), cryptocurrencies, and trading platforms. Some lawmakers argue that a unified approach would create a more comprehensive legal foundation for the entire crypto ecosystem.
However, combining the two bills would significantly slow down the process, as it would require a return to the Senate for further negotiations. Supporters of the merger believe this would resolve long-standing regulatory uncertainties, but critics fear it could delay the urgent need for stablecoin clarity.
President Trump Calls for Immediate, Clean Passage
President Trump has publicly called on the House to pass the GENIUS Act swiftly and without modification. He praised the legislation as “pure GENIUS” and described it as a groundbreaking achievement that would position the United States as a global leader in digital finance. Trump emphasized that stablecoins are essential to the future of financial innovation and urged Congress not to entangle the bill in additional negotiations or unrelated amendments.
His strong endorsement suggests that the administration is eager to see stablecoin regulation implemented quickly, possibly to establish a regulatory advantage over other global financial centers. The outcome now hinges on whether House leaders prioritize immediate passage or pursue a more comprehensive—but lengthier—regulatory package.
Recently we wrote that in a landmark move, Spokane, Washington, has become the first city in the state to ban cryptocurrency ATMs, citing a sharp rise in fraud and scams.
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