The U.S. House of Representatives has approved the GENIUS Act, marking the nation’s first major federal legislation for the crypto industry.
The landmark bill establishes a clear regulatory framework for stablecoins requiring issuers to maintain one-to-one backing with low-risk assets, implement anti-money laundering safeguards, and undergo both federal and state oversight.
The measure passed with strong bipartisan support (308–122 in the House) and now awaits President Trump’s signature.
This move comes amid a wider surge in U.S. crypto policy, with two companion bills the Clarity Act, defining digital assets as securities or commodities, and an act banning a central bank digital currency also advancing through Congress.
Supporters say the GENIUS Act will stabilize the roughly $260 billion stablecoin market and boost consumer confidence in digital payments.However, critics warn it may favor incumbent players with political ties and leave loopholes, particularly concerning presidential family crypto interests.
Industry observers believe the legislation will spur innovation and open the door to a possible $2 trillion stablecoin economy, while regulators keep watch for systemic risks.
The U.S. is now firmly establishing crypto guardrails aiming to balance adoption with protection as digital assets become part of mainstream finance.
Written By Ian Maleve
