The Genius Act (Guidelines and Establishment of National Innovation for U.S. Stubcoin), a legislative project seeking to establish the first comprehensive regulatory framework for stubcoin in the United States, has just been approved by the House of Representatives.
307 votes are advantageous, with 122 votes, Regulations are now passed to the White House oval office as promulgated by President Donald Trumpwho urged Congress to seek approval and insured him to give him his signature.
Approval occurs minutes after the Chamber of Commerce has approved another invoice for the digital assets. merchandise y securitiesand defines control roles between the SEC and CFTC, eliminating duplication of regulations that generate uncertainty.
Unlike the genius born in the Senate, the clear bill promulgated by the Chamber of Commerce still calls for another legislative process to reach Trump’s desk. It was approved before 294 votes and 134 votes opposed, so it is now a senator’s assessment.
Additionally, the Chamber of Commerce approved an anti-CBDC bill that bans central banks (CBDCs) from issuing digital currency, winning 219 votes and 210 votes. Thus, we hope that this will be included in the National Defense Authorization Act (NDAA).
The Genius Act, promoted by Senator Bill Hagerty, promises to modernize payment systems, protect consumers, and integrate the dollar territory of global digital finances.
The law establishes a stub coin (USD) that maintains the same price in the US dollar They must be supported by liquid reserves A 1:1 percentage allows the token to be redeemed against the nominal value. To do this, force the issuer to undergo a regular audit.
The Stablecoins market is Cryptoactive, maintaining equality with Fíat coins, currently capitalising USD 260 million, and is dominated primarily by two assets fixed at the value of the dollar (USDT) and the value of the USD coin (USDC).
What is the purpose of the genius law?
The Genius Law is part of the government’s intention to position the United States as a leader in the global Bitcoin (BTC) market and cryptocurrency. Their drivers emphasize their attempts to make the country a “world capital” of their ecosystem, promoting stubcoins as a quick and efficient payment tool.
Its main purpose is to protect Stablecoins users from deceptive practices and mitigate risks associated with money laundering and terrorist financing. Save dollar hegemony In digital transactions against the rise in cryptocurrency adoption.
Similarly, it’s a way to maintain the value of the dollar as emitters such as USDT and USDC have become the major US Treasury bond users.
Thus, it also represents a step towards the battle against the development of cryptoactivs pinned to foreign fier currencies, such as the central bank’s digital currency that it plans to launch from China and the European Union.
The law also aims to encourage capabilities between banks and fintech companies, allowing stables to be issued and/or provided under a clear regulatory framework.
The difficult legislative process
The legislative process of the Genius Law was difficult and marked by partisan tensions. It was introduced in the Senate in 2025. The proposal was supported by major Republican figures.Sen. Cynthia Ramis, known for his support for Bitcoin, and John Tune, the majority leader, accused her of the argument.
At the beginning of May, the vote to advance the debate was rejected by a narrow margin of 48-49, with a democratic bloc leading the opposition. Senators like Reuben Gallego and Mark Warner They expressed concern about the lack of stricter measures money laundering, risks to national security, and the potential for destabilization of the financial system.
However, in June, the revised project acquired a quorum to be discussed in the Senate. This was the final approval in the same month, and is therefore an evaluation by the House of Representatives.
The camera’s approval is listed in the so-called “Cryptocurrency Week,” a Republican initiative to advance genius, clarity and anti-CBDC laws. This happens despite the fact that Democrats launched opposition campaigns and tried to stop the path of regulation.
Advocates of the Genius Act argue that this regulatory framework is a key factor in adoption and provides legal clarity that drives innovation in the cryptocurrency sector.
According to Hagerty, support is 1:1 and federal oversight minimizes systematic risk, and they Trust stablecoins as a means of exchange.
A big impact
The impact of the genius law, praised by USDT and USDC, is expected to be of global importance to tethers and circle emitters. It promotes its adoption by providing oversight of US government preparation and legitimacy.
The fact is that the implementation of the genius law marks the beginning of a new era for banks, fintechs and users. This means that entry will work in a regulated environment that promotes competition and trust.
Furthermore, these assets imply the liquidity of Bitcoin and cryptocurrency, so regulations in favour of their adoption are considered as upward signals for the market.
However, the challenges continue. Effective supervision of publishers, adaptation of companies to new requirements and tensions with countries to promote their digital currency They are important evidence of the success of this regulation.
