In brief:
₿- The GENIUS Act aims to establish a national regulatory framework for stablecoins, favoring state-level oversight over strict federal control.
₿- If passed without amendments, the bill could become law within weeks, offering long-awaited clarity for stablecoin issuers and users across the U.S.
House Republicans are preparing to advance the GENIUS Act during “Crypto Week” from July 14–18, signaling a strong shift toward formal stablecoin regulation. As demand for digital assets grows, lawmakers are moving to create a national framework that could legitimize stablecoins across the U.S. financial system.
GENIUS Act chosen over STABLE Act
The Guiding Innovation in Novel Utilization of Stablecoins (GENIUS) Act, which passed the Senate with bipartisan support, is now the House GOP’s top priority.
Despite passing its own STABLE Act earlier this year, the House Financial Services Committee has yet to bring it to a full vote. Instead, Republican leaders are moving forward with the Senate’s version.
The GENIUS Act favors a state-regulated model, allowing stablecoin issuers to operate under individual state frameworks. In contrast, the STABLE Act demands strict federal oversight. Supporters of GENIUS argue that the bill strikes a better balance between innovation and compliance, giving issuers more flexibility and states greater autonomy.
Trump’s crypto agenda gains traction
House Speaker Mike Johnson says the bill directly supports Donald Trump’s crypto agenda. Trump, who has promised to make the U.S. a leader in digital assets, has urged lawmakers to send the bill to his desk before the August recess. “Crypto Week” is being framed as a key moment to deliver on those campaign promises.
Legal challenges may slow final approval
Although the GENIUS Act has momentum, legal experts say any changes to the bill—such as adjustments to issuer eligibility or compliance requirements—could delay final passage.
If the House amends the bill, it must return to the Senate for another vote. There’s also the possibility that lawmakers form a committee to reconcile GENIUS with the STABLE Act.
Industry pushes for clarity on stablecoins
Crypto leaders view this bill as a critical step toward mainstream adoption. Stablecoins play a vital role in payments, remittances, and decentralized finance. Without a clear regulatory framework, their use in the U.S. remains uncertain. Passage of the GENIUS Act would be a historic win for the crypto industry and mark a new chapter in U.S. digital finance.
If approved without amendments, the bill would move directly to Trump for signature, turning stablecoin policy into federal law.
Stay informed,
Rodcas Consulting Group