New Breakthrough in Crypto Regulation: GENIUS Act Initiative Gets the Green Light!

Jakarta, Pintu News – US President, Donald Trump announced on Tuesday evening that congressional leaders have agreed to advance the revolutionary GENIUS Act following a meeting in the Oval Office. The announcement came as a surprise after Republicans in the House of Representatives failed a procedural vote earlier this week.

House Speaker Mike Johnson, who participated by phone, expressed his enthusiasm for speeding up the legislative process. The previous failure on Tuesday, in which Republicans failed to secure a 196-222 majority, was a major blow.

This failure was due to internal divisions among members of the Republican Freedom Caucus, who opposed a package that included the GENIUS Act along with the Clarity Act and defense budget allocations.

The GENIUS Act and the First Federal Framework

The GENIUS Act creates the first federal framework for dollar-bonded stablecoins, giving broad authority to the US Treasury and creating an orderly path for private companies to issue digital dollars.

After being passed by the Senate by a vote of 68-30 in June, the legislation has bipartisan support despite concerns from Democrats related to Trump’s crypto ventures.

The new framework aims to regulate the stablecoin market, which is currently worth around $238 billion. With a clearer framework in place, banks, companies and other entities will have better guidance in issuing these digital currencies. This is expected to increase trust and mainstream adoption of crypto.

Read also: Deutsche Bank: “Bitcoin (BTC) is Now More Stable!”

Economic Impact and Market Projections

Treasury Secretary Scott Bessent projected that the US stablecoin market could expand nearly eightfold, exceeding $2 trillion in the next few years. This projection emphasizes the potential economic impact of the legislation.

With clear regulation, it is expected that there will be a significant increase in the adoption and integration of stablecoins in the mainstream financial system. The main driver behind this new momentum is the continued pressure from Trump, who has portrayed stablecoin regulation as key to maintaining American technological supremacy over China and Europe.

Industry observers see the GENIUS Act as the most achievable legislative priority in the crypto sector, with major players seeking regulatory clarity to legitimize mainstream adoption.

Conclusion

With this new support, Trump expressed his gratitude to congressmen for their quick and positive response. This confidence signals high optimism ahead of the upcoming procedural vote on Thursday. With these new measures, it is expected that there will be significant progress in crypto regulation in the United States.

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Reference

• BeInCrypto. Trump’s Genius Act Leads to Congressional Breakthrough in Oval Office. Accessed on July 17, 2025
• Featured Image: Coinpedia