GENIUS Act Passes U.S. House Paving the Way for First Federal Stablecoin Regulation

The U.S. House of Representatives has passed the GENIUS Act (Guiding and Establishing National Innovation for U.S. Stablecoins) in a 308–122 bipartisan vote, setting the stage for the first major U.S. crypto law focused on stablecoins.

The bill, already approved by the Senate (68–30), now awaits President Donald Trump’s signature to become law. Once signed, the act will provide a clear regulatory framework for stablecoin issuers like $USDC and USDT, marking a significant shift in how the U.S. approaches digital asset regulation.

The GENIUS Act aims to:

- Establish federal oversight for stablecoins

- Protect consumers and ensure transparency

- Integrate digital assets into the broader financial system

The move follows the House's recent approval of the Clarity Act, which addresses broader crypto market regulations.

If signed, the GENIUS Act will make the U.S. one of the first major economies to implement federal stablecoin legislation—boosting institutional confidence and opening the door for innovation in regulated crypto finance.