In the face of the Chinese Yuan digital advancements and implementation of regulations on the European Union’s Crypto Market (MICA), the US has made it clear in its response in the global technological competition.
In this context, the Genius Bill (Guide to National Innovation for Stubcoin in the US) is directly in line with the promises of President Donald Trump, who positions the United States as the global epicenter of digital assets.
As Cryptonotics reports, Genius Law is a Stablecoins market that exceeds capitalisation of over $200 billion in USDT and USDC alone, so Genius Law could also strengthen the dollar against the world’s negligent trends. but, The legislative process faces important challenges that could delay entry into final approval and enforcement.
These are risks that could delay a failed step and its entry.
1. Senate size and revision: the battle for details
After approval of both the return of the Genius Bill to the Senate this week and subsequent closing motions, the legislative proposal went into formal discussion. There, revisions are expected in the coming days, addressing concerns about conflicts of interest, such as the USD1 stabrecoin, which is likely related to the Trump family.
During this period, senators are expected to present more than 50 amendments that address issues such as conflicts of interest, money laundering and consumer protection measures. Among these, the amendments by Senator Ted Cruz stand out. Officials prohibit limiting or harming legal transactions. Made by people for their own purposes using personal cryptocurrency wallets.
The proposal, along with revisions to other figures such as Senator Elizabeth Warren and Jeff Merkley regarding USD1 stablin1 linked to the Trump family, could strengthen negotiations, particularly in the context of strong bipartisan support.
The argument that defines the final text of the law is important to determine whether the Senate has succeeded in approving the project. Planned prior to the fall break on Monday, May 26, 2025, or in the final vote of the bill for regulating the bill if political tensions delay the process.
2.-House of Representatives: Roads without obstacles
If approved by the Senate as a whole, the project will be passed to the House of Representativescontrolled by Republicans. There, the Financial Services Commission will review the texts, hold public hearings, and perhaps introduce amendments.
The Chamber of Commerce has already expressed interest in regulating the sector with FIT21 approval in 2024. This includes regulations regarding Stablecoins. However, technical or ideological differences can force negotiations.
If the camera approves another version of text that was first introduced, A conference committee is required to harmonize both texts. This step is probably agile for bipartisan impulses, but by then it will be July, as it could consume weeks.
3.-President Signature: Trump, the Decisive Factor
With both alignment cameras, this project reaches President Donald Trump’s desk. President Donald Trump has openly expressed his approval of stubcoin regulations. Taking this into consideration, A signing ceremony may be held before the August 2025 break.
Without going any further, Treasury Secretary Scott reaffirmed on Friday that the Trump administration is putting a strong bet on initiatives that support digital assets. “Approving the stubcoin bill is just the beginning,” he said via X as shown below.
It is presumed that Donald Trump’s presidential veto is possible with a veto of laws against genius law. It is presumed that the final text is possible only if it incorporates a significant limitation that stubcoins associated with his family could be perceived as a direct attack on his interests.
In this case, the council Both cameras need two supermeiers – At least 67 votes in the Senate, 290 votes in the House of Representatives – Threshold that is difficult to reach current political panoramas to cancel veto.
The law has solid, bipartisan support proven by the 69 votes advantage in the solidification movement on May 21, 2025, but polarization around USD1 can help you get this additional support and reduce your chances of overcoming presidential denial.
After all, the most optimistic passes point to approval in the Senate at the end of May, explicit proceedings at Giulio’s Chamber of Commerce in June, and the presidential company in August. However, conflicts about conflicts of interest and political weights involving USD1 are unpredictable variables. What is clear is that After years of stagnation, the US has more stablecoins laws than ever before.
