According to BlockBeats, on July 11 at 8:00 AM UTC, Trump is expected to achieve his first major legislative victory on cryptocurrency policy next week. House Republicans are preparing to pass a bill submitted by the Senate to establish new regulatory rules for stablecoins.
The U.S. House of Representatives is expected to vote early next week on the Senate's proposed (GENIUS Act). The bill aims to establish the first regulatory framework for stablecoins pegged to the U.S. dollar, which has received bipartisan support in the Senate.
Trump signing the stablecoin bill could boost the development of the cryptocurrency industry. Cryptocurrency supporters hope that government endorsement will enhance legitimacy, promote adoption, and open doors for traditional financial institutions to engage in digital assets.
