🇺🇸 Crypto Week Shakes Up US Regulation — GENIUS Act Heads to Trump’s Desk
The U.S. just wrapped up “Crypto Week” with game-changing momentum for the digital asset industry. The GENIUS Act, a landmark stablecoin bill, passed the House with bipartisan support and is now on its way to President Trump, who’s expected to sign it today at 2:30 PM local time.
🔹 What’s in the GENIUS Act?
This bill will enforce strict reserve rules for stablecoin issuers and bring them under the Bank Secrecy Act. It could push many issuers to seek federal bank charters for broader operations without needing multiple state licenses. Foreign stablecoins without U.S. approval will be barred within 3 years.
🔹 CLARITY Act & Anti-CBDC Bill Head to Senate
The House also passed the CLARITY Act, which aims to shift crypto oversight from the SEC to the CFTC — a big win for the blockchain space. Meanwhile, Rep. Tom Emmer’s Anti-CBDC Surveillance State Act, banning the Fed from launching a digital dollar, also moves forward but faces partisan hurdles in the Senate.
👥 Industry Reactions:
While Coinbase’s Brian Armstrong pushed for interest-bearing stablecoins, that provision didn’t make the final cut. Still, leaders like Anchorage Digital’s Nathan McCauley and Tesseract’s James Harris are bullish — seeing this as a major step toward U.S. crypto dominance and global regulatory influence.
📉 Critics like Senator Warren remain vocal, warning of loopholes and ethics concerns, but the tide is turning in favor of pro-crypto policies.
With rising bipartisan support, the industry sees it not as a question of if, but when full integration with U.S. finance will become reality.
