Crypto Week Kicks Off in Washington with Stablecoin Vote Looming and Market Structure Bill in Focus
Crypto Week on Capitol Hill is shaping up to be a legislative pressure cooker, with the U.S. House of Representatives eyeing a major vote that could give the crypto industry a major big win, but not without plenty of political intrigue and backroom maneuvering. Meanwhile, Bitcoin hits $111,900.
At the center of the action is the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act, a Senate-passed bill to regulate stablecoin issuers like Tether and Circle, which is now barreling toward a House vote under direct pressure from President Donald Trump. If passed, it would become the first meaningful federal law governing digital assets and a key pillar of Trump’s promised “crypto summer.”
Instead of…
