Next week, President Donald Trump could achieve his first landmark legislative win in crypto policy as House Republicans advance a Senate-passed bill to set formal guidelines for stablecoins.
Lawmakers in the House will cast their votes at the beginning of next week on the Senate’s “GENIUS Act,” according to Politico.
This move will introduce the nation’s inaugural regulatory structure for stablecoins, digital tokens tied to the dollar. That legislation earned bipartisan approval in the Senate last month and is likely to be the first crypto law Congress passes.
Should the president sign the measure, the crypto industry may enjoy a significant boost after years of seeking broader acceptance.
Advocates contend that explicit federal authorization and a purpose-built rulebook for stablecoins will spur wider use and prompt mainstream financial institutions to explore digital assets.
The new law could also prove advantageous to the president’s family since last year, his sons launched a venture that issues stablecoin.
Alongside the stablecoin bill, the House also plans to vote next week on an extensive revision of crypto oversight that would split responsibility between the Securities and Exchange Commission and the Commodity Futures Trading Commission.
A third proposal to prohibit any U.S. central bank digital currency will also be on the table.
House ends push to combine crypto bills
The House Rules Committee will meet on Monday at 4 p.m. to examine all three measures, potentially clearing the way for a floor vote by Tuesday.
These votes will end the House GOP’s effort to bundle all three crypto bills into one package to pressure the Senate. Instead, Senate Republicans, backed by Trump, ran a public campaign that successfully passed the standalone GENIUS Act.
Leading Senate GOP figures have vowed to address an independent market structure bill in September.
Earlier, President Trump proudly claimed that cryptocurrency has “soared ‘through the roof!’” under his leadership, crediting his tariff strategy and economic agenda for fueling the digital‐asset rally.
While House leaders intend to forward the Senate’s stablecoin legislation to the president unchanged, they continue to press for tweaks.
A revised draft of the broader market-structure proposal, released Thursday by House Financial Services Chair French Hill, incorporates an amendment section for the GENIUS Act.
Proposed adjustments include updated accounting protocols, permission for commodity-backed stablecoins, and stronger issuance oversight requiring both private and public nonfinancial entities to secure approval from a designated review committee before launching a stablecoin.
