House Passes GENIUS Act, Awaiting Trump’s Signature

On July 18, 2025, the U.S. House of Representatives approved the GENIUS Act, a key piece of legislation aimed at regulating stablecoins, awaiting President Trump’s signature.

This Act marks a pivotal shift in U.S. crypto regulation, potentially influencing the $250 billion stablecoin market.

GENIUS Act Poised to Reshape $250B Stablecoin Market

The GENIUS Act was spearheaded by Senator Bill Hagerty and supported by key figures, including Senators Tim Scott and Cynthia Lummis. This legislation seeks to establish a standardized regulatory framework for the burgeoning stablecoin market. Once signed by Trump, it will require issuers to adhere to new reserve, audit, and transparency standards.

President Trump indicated his approval of the Act, having gathered crucial support from Congress members. “I am in the Oval Office with 11 of the 12 Congressmen/women necessary to pass the GENIUS Act and, after a short discussion, they have all agreed to vote tomorrow morning in favor of the Rule.” The potential signing will introduce comprehensive rules for stablecoin management in the U.S., echoing frameworks seen in the European Union. Anticipated impacts include increased market stability and changes in how stablecoin projects operate.

Reactions from significant figures in the financial sector highlight the importance of this regulatory step. SEC Chairman Paul S. Atkins extended his congratulations on the passage, underscoring industry’s broader acceptance. The upcoming adjustments could streamline market operations, enhancing investor confidence and simplifying compliance for developers.

USUSD: Stability Amid Looming Regulatory Changes

Did you know? The GENIUS Act’s move to regulate stablecoins draws parallels to the European Union’s 2022 MiCA regulation, indicating a global trend towards standardized digital asset frameworks.

USDC, a major player in the stablecoin scene, remains pegged at $1.00, as per CoinMarketCap. With a market cap of 63.99 billion, USDC maintains a solid position, though no significant price movement is reported. Daily trading volume reached 19.38 billion, suggesting stable liquidity amidst regulatory shifts. Historical price stability continues with minimal changes reflecting investor confidence in USDC’s dollar peg, vital for its trusted role within DeFi markets.

According to the Coincu research team, the GENIUS Act could lead to a surge in institutional engagement with regulated digital assets. Enhanced market frameworks and compliance measures are likely to attract further investments and bolster the industry’s credibility on a global scale. This burgeoning regulatory environment is set to redefine technological strategies across cryptocurrency sectors.