Cryptocurrency has gained a hold in Americans’ investment portfolios and their retirement accounts — and now it’s a step closer to their wallets for everyday use.

The GENIUS Act is likely to be signed into law on Friday and is set to change how stablecoin issuers operate both in the US and overseas.

The GENIUS Act was one of the three digital currency-related regulations up for discussion in what has been labelled as “crypto week” from July 14 to July 18. The other two are the Clarity Act of 2025 and the anti-central bank digital currency (CBDC) Surveillance State Act.

U.S. stablecoin regulation ensuring consumer protection, financial stability, and global financial influence. Learn about issuer requirements, reserve rules, and its impact on international transactions.

Labs, has hailed the passage of the GENIUS Act as a “transformational legislation” that marks a historic turning point for the U.S. financial sector, drawing parallels to the Dodd-Frank Act of 2010.

Backers of the Genius Act, a potentially landmark bill that could help "stablecoins" go mainstream, say it would greatly speed electronic payments.

The U.S. House of Representatives passed the Genius Act, creating a regulatory framework for stablecoins, and sent it to President Trump for approval. This development boosts the digital asset industry by promising regulatory clarity and consumer protection while reinforcing U.

On Monday, Republican leaders in the House of Representatives kicked off what they’re calling “Crypto Week”—a concerted effort to make America the cryptocurrency capital of the world by advancing three key pieces of crypto-related legislation.

On Tuesday, a dozen conservatives sank a procedural vote to advance three crypto bills, including the GENIUS Act, which would establish a regulatory framework for the $250 billion market for stablecoins, a type of cryptocurrency tied to the value of an asset like the U.S. dollar.