📌 Summary
July 17, 2025, marked a turning point in cryptocurrency history. The US House of Representatives voted and passed three major cryptocurrency bills, most notably the
#GENIUS Act. The most critical of these bills, the GENIUS Act, passed with a strong 308–122 majority. The vote now turns to President Donald Trump, whose son will sign it.
🧠 What is GENIUS Act?
The "National Innovations Directing and Establishing Act for U.S. Stablecoins Act," also known as the GENIUS Act, will be the first summary legislation in the U.S. to address the cryptocurrency, and specifically the stablecoin, market.
🔍Content of the Act:
Licensing requirements are being introduced for stablecoin issuers.
Reserve reserves: 100% cash or cash equivalent compensation is required behind every stablecoin.
Transparency rules: Monthly reserve reports and independent audits are becoming mandatory.
Federal regulation: There will now be a uniform national licensing system for stablecoins. This ends the chaotic state-centric environment.
The CFTC's oversight authority over stablecoins is becoming clearer, while the SEC's jurisdiction is shrinking.
🗳️ House Vote: Passed with Bipartisan Support
The bill passed in the House of Representatives with 308 YES and 122 NO votes. Notably, this legislation received strong bipartisan support:
Party Yes Votes No Votes
Republicans 185 32
Democrats 123 90
This result demonstrates that cryptocurrency regulation has become a nonpartisan issue.
🇺🇸 Going to Trump: A First in US History
With the passage of the GENIUS Act, for the first time in US history, a federal law on digital assets will enter into force. President Donald Trump is expected to vote on this legislation, which will lead to the first official US cryptocurrency law.
🖋️What Trump Said?
Trump recounted his statements over the past few weeks:
"America will be a leader in the future of digital nations. With this law, we are embracing financial innovation and protecting our assets and economy."
#TRUMP 's description of this legislation as a "historic step" is a testament to his close ties to the crypto sector and the prospect of establishing one.
💬 Market and Industry Reactions
💹 Crypto Market:
Bitcoin jumped above $120,000 following the news.
Trading volume in stablecoins like USDC and USDT increased by 15%.
Companies like Coinbase, Circle, and Paxos have described this transition as a "clarification revolution."
🏦 Banking Sector:
Developers like JPMorgan, Citi, and BofA have welcomed this transition. The process of integrating stablecoins into the banking system will now accelerate.
🧱What Will Change?
Regional Revision
Stablecoin Regulation: National licenses and reserve requirements have been introduced
Crypto Law: First federal regulation in US history
Institutional Behavior: Regulatory clarity will increase institutional investor interest in the field
Government Oversight: Transparency has been increased, user protections have been removed
🚨 What's Next?
It will officially enter into legal force after President Trump's signature.
The SEC and CFTC will issue implementation guidelines.
Stablecoin companies will be required to comply with the new rules within 6–12 months.
The Senate will engage in detailed discussions on CLARITY and Anti-CBDC.
🏁 Conclusion: A New Crypto Era Has Begun!
The passage of the GENIUS Act is a historic milestone not only for the US but for the entire global crypto market. This law demonstrates that digital assets are no longer a fad but a systemic entity.
The rules for digital assets are now clear, the groundwork is solid, and the future is much brighter.
#PowellVsTrump #USCryptoWeek #AltcoinSeasonLoading $BTC