Is the US finally ready to publish its first-ever major piece of crypto legislation?
And if the bill passes, it could set the stage for key altcoins – non-Bitcoin cryptos – to surge and deliver big wins to their investors.
The Senate already passed the bill 68-30, indicating strong bipartisan support. A quick House vote this week would position Trump to sign the bill into law in short order; any major changes would require another Senate vote.
The Guide and Establish National Innovation for US Stablecoins Act (GENIUS Act) aims to address longstanding calls for clear crypto oversight.
The Act won bipartisan approval in mid-June. It represents one of the most significant crypto policy achievements by legislators to date, and with Trump’s endorsement, advocates hope momentum will now carry it through the House.
Trump’s signature could act as a powerful endorsement for both stablecoins (cryptocurrencies that are pegged to the value of a stable asset, like the US dollar) and crypto in general, helping secure mainstream acceptance. Crypto enthusiasts and industry experts see the move as a clear signal that the US is open for crypto business.
This legislation ties into Trump’s larger crypto agenda, which includes a suite of executive actions earlier this year:
The GENIUS Act could lock this agenda into law, cementing regulatory clarity. And with regulation would almost certainly come a wave in investor interest and renewed momentum.
These three altcoins could heat up fast.
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$ADA is up nearly 20% in the past 24 hours, and over 31% in the past week. While once positioned as a so-called ‘Ethereum-killer,’ the Cardano blockchain has grown into its own DeFi powerhouse.
As Hoskinson’s proposed Cardano treasury indicates, Bitcoin treasuries are all the rage, even at all-time-high prices.
The House votes on the version of the GENIUS Act endorsed by Trump. If it passes cleanly, Trump expects to sign the bill into law ASAP.
Do your own research first – this isn’t financial advice.
