The U.S House of Representatives have successfully passed the GENIUS Act. It is now the first major crypto law to be passed by the government, adding regulatory clarity to the crypto industry. This is a landmark development for the country’s crypto sector, as now the bill awaits President Donald Trump’s signature before it is enforced.

GENIUS Act Passes House Vote

The Guiding and Establishing National Innovation for U.S. Stablecoins Act, or GENIUS Act, passed the House with a decisive 308-122 vote with bipartisan support. As it had already cleared the Senate last month with a 68–30 margin, the GENIUS Act requires only presidential approval to become effective in the coming days.

The bill establishes a clear regulatory framework for stablecoins, a type of cryptocurrency pegged to assets like the U.S. dollar. Private issuers like Tether (USDT) and Circle (USDC) are in charge of the market for now, but big banks on Wall Street and other traditional financial institutions are becoming more interested in the field.

After years of regulatory ambiguity and policy paralysis, this milestone marks a major change in Washington’s position on crypto. The GENIUS Act gives stablecoin issuance the clarity and oversight needed for a long time. Crypto supporters, traders, and major industry players see this as an important step towards making digital assets a legitimate part of the larger financial system.

The law received strong support from both parties, which is a big deal. Many Democrats voted with the Republican majority, which shows that there is more political support for clear crypto regulation. However, a significant part of Democrats voiced concerns, arguing that the legislation may still leave loopholes for financial abuse and pose risks to retail investors.

The GENIUS Act is one of three major crypto-related bills introduced this session. The second, the Digital Asset Market Clarity Act, or CLARITY Act, passed the House shortly before with a 294–134 vote. It aims to establish a broad regulatory framework for the entire crypto market beyond just stablecoins. That bill now moves to the Senate, where negotiations and drafting are still ongoing. Senate Banking Committee Chair Tim Scott has expressed optimism, stating that the House version provides a “strong template” and aims to finalize the Senate’s version by September 30.

Important Reads: Elizabeth Warren Says CLARITY Bill Could Destroy the US Economy

Meanwhile, the third bill, the Anti-CBDC Surveillance Act, which targets central bank digital currencies (CBDCs), passed the House on largely partisan lines and is unlikely to gain traction in the Senate. It will be attached to the National Defense Authorization Act in an attempt to push it through the legislative process.

President Trump, who has emerged as a strong crypto advocate, previously hosted a crypto summit at the White House and set an ambitious timeline to pass both the GENIUS and CLARITY Acts before the August congressional recess. With stablecoin legislation nearly finalized, the more complex market structure reforms could spill into the year’s end, according to analysts.

Though Trump’s close involvement in crypto policymaking has raised concerns among Democrats, his influence has undeniably accelerated legislative progress. As the GENIUS Act awaits his signature, the U.S. crypto industry braces for its first-ever regulatory foundation, a turning point in the evolution of digital finance.

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