The U.S. House of Representatives has approved the GENIUS Act and officially sent it to President Trump, who is expected to sign it immediately. The bill received strong bipartisan support, garnering 306 votes in favor.

The GENIUS Act requires stablecoin issuers to maintain full 100% reserves, undergo regular audits, and register with federal or state regulators. It also prohibits algorithmic stablecoins that are not backed by assets. Most importantly, the law introduces a dual licensing framework - granting both federal and state authorities the power to approve and oversee issuers.

Lawmakers approved the bill with strong bipartisan support, as it was passed by the Senate earlier this month, making today's House vote the final hurdle. The Trump administration helped broker the deal during this week's political standoff. The legislation passed shortly after the CLARITY Act advanced through the House.

With Trump expected to sign the law today, it will take effect in 2026. Agencies like the Federal Reserve and the Office of the Comptroller of the Currency (OCC) will now begin drafting implementation rules. For the cryptocurrency sector, this represents a turning point. Regulated stablecoins in the United States now have a legal foundation for growth - with assurances of safety and transparency.