🇺🇸 U.S. House Passes Bills to Regulate Stablecoins and Block Digital Dollar

In a major development for the crypto industry, the U.S. House of Representatives has officially approved two key pieces of legislation today: the Genius Act, focused on regulating stablecoins, and a separate bill aimed at prohibiting the issuance of a Federal Reserve-backed digital dollar.

The Genius Act sets clear federal standards for stablecoin issuers, requiring transparency, liquidity reserves, and regulatory oversight. It aims to bring legitimacy to dollar-pegged cryptocurrencies without stifling innovation. The bill now awaits President Donald Trump’s signature to become law.

Meanwhile, the second bill, passed with a narrower margin, explicitly blocks the Federal Reserve from launching a Central Bank Digital Currency (CBDC) — commonly referred to as the “Digital Dollar.” Lawmakers backing the measure argue that a state-controlled digital currency could infringe on financial privacy and disrupt the existing banking system.

Both votes reflect growing political interest in shaping the future of money in the U.S., especially as global competitors like China advance their own digital currencies.

Market analysts see today’s outcome as bullish for private crypto projects, as it clears regulatory uncertainty while protecting the traditional role of cash and bank deposits.