As President Trump's deadline looms, U.S. lawmakers are caught in a crypto legislative tug-of-war over how to regulate stablecoins. The heat is on in both the House and Senate, with competing bills — the GENIUS Act and the STABLE Act — revealing deep divisions on how America should govern digital dollars.
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🧾 What's Happening?
Rep. French Hill (R-AR) confirmed that House leaders are still gauging support and weighing strategy on stablecoin policy. With Trump's timeline in play, pressure is mounting fast.
Meanwhile, last week's GENIUS Act passed the Senate with a strong 68-30 bipartisan vote — but the House's STABLE Act offers a very different vision.
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⚖️ Key Differences: GENIUS vs. STABLE
🔍 Topic GENIUS Act (Senate) STABLE Act (House)
🌍 Extraterritorial Power Strong U.S. enforcement globally More restrained approach
🏛️ Regulatory Oversight Federal-centric More power to individual states
🏦 Banking & Commerce May allow corporations to issue Opposes corporate-issued stablecoins
“These differences are both subtle and material,” said Rep. Hill, but he's confident there's room for common ground.
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🧠 Behind the Scenes: Lawmakers Weigh 3 Options
1. ✅ Pass GENIUS as-is and send to Trump
2. 🤝 Blend GENIUS + STABLE Act for a unified bill
3. 🧩 Combine with Digital Asset Market Clarity Act — a massive, all-in-one crypto law
🔺 Industry fears this could be too complex to pass
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🗣️ What Experts Are Saying:
> “There’s a finite amount of time and mental energy Congress can spend,” said Rashan Colbert (Crypto Council for Innovation).
“Crypto is taking up a lot of that bandwidth right now.”
The debate is not just about policy — it’s about timing, politics, and power. And with Trump’s preferences clashing with bipartisan ideas, the clock is ticking.
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⚠️ Why It Matters:
This is the most serious push yet for U.S. stablecoin regulation.
Final law will affect USDC, PayPal USD, Tether and the future of crypto commerce.
Could set the tone for global digital asset frameworks.
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📅 What’s Next? Expect a showdown in the coming weeks, as the House races to align or resist the Senate’s GENIUS Act.
Will Congress streamline regulation, or will crypto policy get buried under complexity?
Stay tuned. This could shape crypto's fate in the U.S. for years to come.
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