Wednesday, July 16, 2025 - The U.S. House just survived a tense standoff in what was branded "Crypto Week," finally clearing a key procedural vote to advance the GENIUS Act and related bills.
After a dramatic delay fueled by conservative Republicans and Democrats blocking the initiative President Trump personally intervened, brokering a deal that put the legislation back on track. The centerpiece is the stable coin framework, which would impose asset backing and reserve disclosures a milestone for cryptocurrency regulation in the U.S.
Public and market responses were immediate and intense. Bitcoin rallied over 2%, soaring to around $119,000 after dipping post-procedure, while Circle Internet Group stocks surged by 14% ([Investopedia][3]).
Crypto platforms and institutional investors celebrated the move, hailing the framework as essential to integrating digital assets into mainstream finance.
Experts agree: as Jag Kooner from Bitfinex noted, "when lawmakers advance industry-backed frameworks, institutional sentiment strengthens" However, critics like Rep. Maxine Waters warn the legislation may expose consumers to undue risk if it's too industry-friendly.
The House will proceed with final votes on the GENIUS Act, the CLARITY Act, and the Anti-CBDC bill. If passed, the stable coin bill will land on Trump’s desk ushering in a new era of federal crypto oversight. But procedural missteps have highlighted lingering intra-party divisions.
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