House Majority Whip Tom Emmer has indicated that the stablecoin-centric GENIUS Act would advance in the House if it is paired with the CLARITY Act, which would lay out a clear regulatory framework for US digital asset markets, according to a new report from Punchbowl News.
The GENIUS Act, short for Guiding and Establishing National Innovation for US Stablecoins Act, passed the Senate on June 17. The bill landed on the House’s desk on June 23.
The CLARITY Act, also known as the Digital Asset Market Clarity Act of 2025, passed the US House Committee on Financial Services earlier this month. The proposed bill is now waiting for debate and a vote on the House floor, the final step before moving on to the Senate if passed.
After the GENIUS Act was approved by the Senate, President Donald Trump called for the House to quickly pass the bill without “delays” and “add-ons.”
The legislation, however, faces opposition in the House due to concerns about conflicts of interest linked to the Trump family’s involvement in crypto.
Critics argue that the bill, which seeks to establish a federal framework for stablecoin issuance and trading, may permit ongoing conflicts, especially given Trump’s link to World Liberty Financial, which has offered its own stablecoin, USD1.
