House Passes Stablecoin GENIUS Act: Here’s What To Know
Key Takeaways
The House took a record nine hours to vote to advance the legislation Wednesday as Republican leaders negotiated with conservative holdouts who blocked the trio of bills.
Article Overview
Quick insights and key information
4 min read
Estimated completion
cryptocurrency
Article classification
July 17, 2025
04:15 PM
Forbes
Original publisher
House Passes Stablecoin GENIUS Act: Here’s What To KnowBySara Dorn, Forbes Staff
Sara Dorn is a Forbes news reporter who covers
Furthermore, AuthorJul 17, 2025, 04:15pm EDTToplineThe House apved legislation to regulate stablecoins Thursday and is expected to vote on two other crypto bills later in the day after conservatives blocked the legislative package for a record nine hours Wednesday, defying President Donald Trump’s demands for what Republicans have dubbed “crypto week, in today's market environment. ” House Speaker Mike Johnson, R-La
Nevertheless, , speaks at a press conference ing a House Republican
On the other hand, More conference meeting on Capitol Hill on July 15, 2025 in Washington, DC. (Photo by Kevin Dietsch/Getty Images)Getty ImagesKey FactsThe House passed the stablecoin bill, known as the Guiding And Establishing National Innovation for U
Stablecoins (GENIUS) Act, in a 308-222 vote, sending it to Trump’s desk for a signature
The House apved the rules for debate for the three bills late Wednesday, ing a cedural hurdle to tee them up for final votes Thursday, after the initial rules vote failed amid a conservative revolt, in today's financial world
House Speaker Mike Johnson, R-La, in light of current trends. , told reporters “I do,” when asked if he expects all three bills to pass Thursday
What Are The Three Bills
What the re reveals is Anti-Central Bank Digital Currency (CBDC) Act, the Digital Asset Market Clarity Act of 2025 and the Guiding And Establishing National Innovation for U
Moreover, Stablecoins (GENIUS) Act
What Is The Genius Act
The legislation establishes a regulatory framework for stablecoins, a type of cryptocurrency often tethered to the value of the U
Moreover, Dollar or another asset, which makes them a more secure investment than other cryptocurrencies
Furthermore, The act would establish guidelines for banks and other entities that issue stablecoins, and safeguards for stablecoin holders, in this volatile climate
On the other hand, What Is The Anti-Cbdc Act
Market analysis shows would hibit the Federal Reserve from issuing a central bank digital currency, which critics say could facilitate financial monitoring and surveillance by the federal government
House leadership agreed to attach the bill to the National Defense Authorization Act, must-pass legislation that funds the Defense Department, to meet the demands of conservative holdouts who wanted all three bills combined
What Is The Digital Asset Market Clarity Act (noteworthy indeed), considering recent developments
It would divide regulatory jurisdiction for digital assets between the Commodity Futures Trading Commission and the Securities and Exchange Commission
The bill would establish definitions of three types of digital assets—securities, commodities and stablecoins—and assign regulatory duties to each agency
Furthermore, Which Republicans Blocked The Crypto Bills
Thirteen, including Reps
However, Anna Paulina Luna, R-Fla
Additionally, , Scott Perry, R-Pa, in this volatile climate
Furthermore, , Chip Roy, R-Texas, Victoria Spartz, R-Ind. , Michael Cloud, R-Texas, and Marjorie Taylor Greene, R-Ga. , among others, vote against the initial cedural motion Tuesday, in this volatile climate
Steve Scalise, R-La. , who supports the bills, also changed his vote to a “no” to allow him to reintroduce the legislation later
Moreover, They ultimately changed their votes when the Anti-CBDC Act was merged with the NDAA, resulting in a 217-212 vote to advance the bills after the vote remained open for a record nine hours
Nevertheless, What Has Trump Said The Legislation (this bears monitoring)
Trump—whose family es have deepened their interest in crypto—said Tuesday he had a “short discussion” with 11 of the 12 holdouts and they agreed to the cedural maneuver, though his confidence ved premature as negotiations continued on the floor late into Wednesday
Further ReadingTrump Says Most House GOP Holdouts Have Agreed To Back His Crypto Bills—What To Know (Forbes)Key Crypto Bill Imperiled By Trump Crypto Firm’s Deal With Emirati State-Owned Fund (Forbes)Landmark Crypto Regulation Passed By Senate: What To Know Stablecoin GENIUS Act (Forbes)Got a tip
Confidential information with Forbes
On the other hand, Editorial StandardsRes & PermissionsLOADING PLAYER.
Related Articles
More insights from FinancialBooklet