US President Donald Trump is set to secure his first major legislative win on cryptocurrency policy next week. The House Republicans will vote early next week on a Senate bill, known as the GENIUS Act, which would create the first-ever US regulatory framework for stablecoins pegged to the dollar value. If passed, this bill could boost the crypto industry and pave the way for traditional financial institutions to invest in digital assets.
The stability coin bill’s approval has been backed by Trump, who wants it signed into law. The move is seen as a major breakthrough for the industry, which has struggled for years to gain mainstream acceptance. The law could also benefit the president’s family, as his sons have launched a company that issues a stablecoin.
Additionally, the House will vote next week on broader crypto rule changes and a proposal to ban a central bank digital currency in the US. However, these votes may be overshadowed by Trump’s signature on the GENIUS bill, which could mark a significant milestone for cryptocurrency regulation.
Source: https://www.politico.com/live-updates/2025/07/10/congress/house-senate-crypto-bill-trump-stablecoin-00447633