The US Stablecoin bill, officially titled the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act, has been transmitted to the House of Representatives after securing a bipartisan 68–30 vote in the Senate. The legislation aims to establish a clear federal framework for regulating stablecoins, focusing on consumer protection, financial stability, and innovation in the digital asset sector.
Now that the GENIUS Act has dropped into the House, its ability to move forward could rest on the mounting pressure to couple the bill with a bill that would codify the application of the crypto asset technology across a much larger scope. Legislators are also in the process of negotiating whether to incorporate it with the Clinton-Tillis regulation of cryptocurrencies legislation that is both wide-ranging and aims to regulate the broader cryptocurrency market. This tactical move may postpone the final approval of the bill and necessitate going back to the Senate to reconcile some more points.
Lawmakers consider merging GENIUS with CLARITY
There are House members who want to join together the GENIUS Act and CLARITY Act before moving on. The CLARITY Act also includes a full regulatory framework of digital assets, with specified definitions of how cryptocurrencies were to be categorized as well as on which federal authorities would conduct oversight. Whereas, GENIUS is targeted solely on stablecoins, CLARITY Act applies to trading platforms, decentralized finance projects, and to token classifications.
Republican Majority Whip Tom Emmer endorsed the concept of combining the two bills pointing out that a comprehensive bill would provide stablecoins with stable regulation embedded into the broader market. Although the CLARITY Act has completed committee markup in the House, it has not been taken to the floor as yet to be voted on as a whole, and it still sits there waiting in the Senate. The combination of the bills may complicate and prolong the legislative cycle.
GENIUS act seen as key step Toward regulatory clarity
The GENIUS Act is one of the most successful efforts of the federal government to control the stablecoins at the state level. Such stakeholders in the industry and policymakers view it as a historic event in legalizing and bringing legitimacy to the stablecoin sector. The bill establishes a blueprint of a consistent regulatory strategy which has the potential to affect the growth of innovation and investor favourability across the digital asset sector.
Supporters argue that clear federal rules are critical as the stablecoin market continues to expand. The proposed framework is expected to support both innovation and oversight, creating standards for issuance, reserve management, and compliance obligations.
Trump urges immediate passage without changes
President Donald Trump wanted the GENIUS Act passed by the House swiftly and without modification. Hailing the bill as a sign of American financial leadership, Trump noted that stablecoin regulation needs to be done as soon as possible. He indicated that he supported the legislation and asked legislators to send it to his desk without any other accompaniments.