Hey, my lovely people of the cryptosphere! 🌍 Get ready, I've got some gossip that'll keep us on the edge of our seats. Remember the GENIUS Act? That thing that seeks to bring order to stablecoins in America. Well, hold on! Because on the Polymarket platform, where people put money into bets on major events, they're giving this law an 89% chance of becoming a reality. No small feat!

Picture the scene: The US Senate approved it on Tuesday, by a vote of 68 to 30. What a move! And to top it all off, Donald Trump himself (yes, the guy who never misses a beat) came out with a public message saying he wants this law to reach his desk "ASAP" (as soon as possible, for those who don't speak English on the street). He's excited, saying this is going to make the US the "undisputed" leader in digital assets. Pure fire! 🔥

The folks at Polymarket wasted no time and launched the betting market about 18 hours after the Senate passed the bill. And since Thursday, things have been heating up: most crypto users are betting that the GENIUS Act (which, by the way, stands for "Guiding and Establishing National Innovation for U.S. Stablecoins") will pass the Senate and the House of Representatives, and that the president will sign it before the end of 2025. Here's to a stable future, huh? 🤑

Now, the problem is that this isn't 100 percent guaranteed. The House of Representatives is a different story. It's unknown whether the bill will pass as is or if it will be amended. Why? Because there are people concerned about Trump's connections to the crypto world, especially with a certain USD1 stablecoin from World Liberty Financial. Senators have already rejected a similar amendment, so the ball is now in the House's court.

If this law passes as is, watch out! It would open the door for American companies to launch their own stablecoins and settle transactions. Can you imagine Apple or Google with their own tokens? That would be serious business! 🤯 There are even rumors that these tech giants are considering it, and two senators have already sent questions to Meta (the Facebook people) to see if they have those plans too. The future is now, friends!

Trump has made it clear that if the House of Representatives passes the GENIUS Act "clean," without any add-ons, he'll sign it without a second thought. Republicans hold a razor-thin majority in the House, and they could soon vote on a bill that would provide a structural framework for the crypto market, the CLARITY Act. So get ready! Because things are getting interesting.

That said, don't rely on Polymarket's 100% odds. This is more of a thermometer of what people are willing to bet, not a crystal ball that tells us exactly what will happen. But things are hot and the greenback is in play, that's for sure!