🚀 U.S. House Passes Landmark “GENIUS Act” on Stablecoins – Awaits Trump’s Signature 🏛️
On July 17, 2025, the U.S. House approved the GENIUS Act in a 308–122 bipartisan vote, establishing the first federal framework for stablecoins. It now goes to President Donald Trump, expected to sign soon .
The law mandates stablecoin issuers—banks, fintechs, and crypto platforms—to back tokens 1:1 with liquid reserves, publish monthly audits, and comply with AML standards. It also passes the CLARITY Act, defining CFTC as the main regulator, and bans the Fed from launching a CBDC .
Institutions like Circle, Coinbase, JPMorgan Chase, Citi, Bank of America, Walmart, and Amazon praised the move, marking a major shift toward mainstream crypto .
Yet ethical concerns rise: Trump-linked World Liberty Financial and its $WLFI token—now tradeable—have netted the Trump clan over $500 million, raising conflict‑of‑interest alarms .
#CryptoRegulation #Stablecoins #GENIUSAct #CryptoEthics #DigitalAssets #USCryptoPolicy