Momentum and Leadership

Trump presented the week of July 14 as a key opportunity to pass three crypto bills: the GENIUS Act (establishment of regulation for stablecoins), the Digital Asset Market Clarity Act (definition of competition between SEC and CFTC), and the Anti-CBDC Surveillance State Act (prohibit a central bank digital currency).

In addition, he publicly committed to pushing for immediate approval via his Truth Social platform, stating: “Digital Assets are the FUTURE… Get the first Vote done this afternoon (ALL REPUBLICANS SHOULD VOTE YES!)”.

Stir in the House

However, a procedural maneuver failed when 13 Republicans joined the Democrats to block the possibility of bringing the bills to a vote. The result was a temporary halt to the legislative calendar.

Direct Intervention from Trump

Trump called a meeting at the White House with 11 key Republican lawmakers, resolving differences and achieving agreement to reopen the procedural vote the next day.

📄 Details of the bills under discussion

1. GENIUS Act (S.1582)

Establishes strong standards for reserves and transparency of stablecoins, approved by the Senate 68-30 on June 17, 2025.

Trump strongly endorses it, considering it key that U.S. stablecoins receive the green light before the August recess.