Genius and Clarity Acts could be fast-tracked to Trump’s desk as early as by July
The post Genius and Clarity Acts could be fast-tracked to Trump’s desk as early as by July appeared on BitcoinEthereumNews.com.
The US might be on the brink of its biggest crypto moment yet, but it is coming with a full dose of political theater, stablecoins, and Trump-branded urgency. House Republicans are reportedly prepping to deliver the Senate’s landmark GENIUS Act to President Trump’s desk as early as the week of July 7. At the same time, they’re eyeing a vote on the long-awaited crypto market structure bill, CLARITY Act. It is anticipated that the House might package both bills together in a single procedural vote. This can be a legislative two-for-one special voting, which is now turbocharged by Trump’s all-caps tweet, “LIGHTNING FAST.” Crypto bills near Trump’s desk The GENIUS Act is not a small bill, as it might sound. This is the first serious attempt to give US dollar-pegged stablecoins proper federal guardrails and a legal backup to private digital dollar issuers. It passed the Senate with a strong bipartisan 68-30 vote and sent a clear signal that crypto’s moving to Washington. Trump’s digital asset empire and 2024 campaign have been powered by some big crypto players, meme coins, and David Sacks. In an X post, the Crypto Czar stated that “July will be a big month, with a bill signing for GENIUS, and CLARITY going to the Senate!” Sacks even thanked Senate Banking Committee Chair Tim Scott and Digital Assets Subcommittee Chair Senator Cynthia Lummis for laying down a clear timeline and plan for crypto market structure legislation. This includes introducing the bill before August recess, marking it up in the first week of September, and getting it done by the end of the month. He added that President Trump supports CLARITY on market structure as well as GENIUS on stablecoins. July will be a big month, with a bill signing for GENIUS, and CLARITY going to the…
Filed under: News - @ June 27, 2025 11:23 am