US House passes GENIUS stablecoin bill, awaits Trump’s signature

Crypto advocates have long argued that regulatory certainty around stablecoins is essential to foster broader adoption, promote market stability, and integrate digital assets safely into the existing financial system.

Key Takeaways

• The US House passed the GENIUS Act, creating a national stablecoin regulatory framework.
• The bill moves to President Trump's desk and could soon become law.

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The US House of Representatives on Thursday voted 308–122 to pass S. 1582, the GENIUS Act, a sweeping bill designed to establish a national regulatory framework for payment stablecoins.

The bill, which cleared the Senate last month, is now on its way to President Donald Trump’s desk and is expected to be signed into law as early as Friday.

The White House is already planning a signing ceremony for tomorrow, White House Press Secretary Karoline Leavitt said today.

“We know we have the votes, and we expect it to get to the President’s desk, and we are planning a signing ceremony tomorrow afternoon,” she said. “This piece of legislation is going to make America the crypto capital of the world, and that’s what the President promised.”

Lawmakers had initially anticipated reconciling the GENIUS Act with the House’s stablecoin proposal, the STABLE Act. But that plan was shelved under direct pressure from Trump.

“Get it to my desk, ASAP — NO DELAYS, NO ADD ONS,” Trump posted on Truth Social, pushing for a clean stablecoin bill without amendments or additional provisions.

The vote came just one day after the House advanced a package of three major crypto bills, including the GENIUS Act, the Clarity Act, and the Anti-CBDC Surveillance Act, after prolonged internal disputes over language in the anti-CBDC bill had stalled momentum.

Landmark victory

The House passage marks a historic first step by the US Congress toward establishing comprehensive federal oversight of stablecoins and the broader crypto sector.

The legislation aims to establish clear regulatory guardrails for the $264 billion stablecoin market, providing much-needed clarity for issuers, investors, and regulators.

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