House sends stablecoin bill to Trump’s desk, capping string of ‘crypto week’ victories
The House passed bills that establish the first federal framework for dollar-backed stablecoins and outline how other digital assets will be regulated, major victories for an industry that has pushed for more favorable oversight in Washington, D.C.
The stablecoin legislation known as the GENIUS Act will go directly the desk of President Trump, who pushed for that law as part of his wider aim to help make the US “the crypto capital of the planet.” It passed 308-122.
Two other bills passed by the House known as the CBDC Anti-Surveillance State Act and CLARITY Act will now go to the Senate, where their ultimate fates are still unknown.
They prohibit the creation of central bank digital currencies and assign oversight over…
