U.S. House Passes GENIUS Act, Ushering New Era for Stablecoin Regulation

Published at 2025-07-18 01:04:36

On July 17, 2025, the U.S. House of Representatives took a significant step forward for the crypto industry by passing the GENIUS Act, a landmark bill that lays down a comprehensive regulatory framework for U.S.-dollar-pegged stablecoins. This crucial legislation is anticipated to be signed into law by President Donald Trump, marking a pivotal moment in the evolution of digital asset regulation in America.

The GENIUS Act notably expands the regulatory authority of the Commodity Futures Trading Commission (CFTC) over cryptocurrency markets, providing much-needed clarity and oversight. This move has been met with optimism across the crypto sector, with shares of companies involved in this space rising as industry leaders welcome the prospect of enhanced transparency and institutional adoption.

Stablecoins, which are digital currencies pegged to stable assets like the U.S. dollar, are vital for the functioning of crypto markets and decentralized finance. Establishing clear rules for their use and regulation helps increase trust among investors and consumers alike. Market analysts have praised the GENIUS Act for bridging the gap between innovation and investor protection, while also cautioning investors that cryptocurrencies should not be considered a foolproof hedge against traditional market downturns.

This legislation strengthens the U.S.'s position as a global leader in digital asset regulation and sets a precedent for other countries looking to embrace blockchain technology responsibly. The crypto community can now anticipate a more secure and structured environment for investing and building new technologies.

For those interested in entering the crypto market, platforms like Bitlet.app offer innovative services to make digital asset acquisition accessible and flexible. Bitlet.app's unique Crypto Installment service allows users to purchase cryptocurrencies now and pay monthly, easing the entry barrier and aligning well with the increased trust and regulatory clarity brought about by the GENIUS Act.

Stay tuned to Bitlet.ai for ongoing updates and insights into how these legislative changes will impact the crypto landscape and your investment opportunities.

Share on:

Related news

China Considers Yuan-Backed Stablecoins to Boost Global Currency Use

China is exploring yuan-backed stablecoins to internationalize its currency, marking a significant shift from its past crypto policies. The plan focuses on regulatory frameworks and deployment in major cities like Hong Kong and Shanghai, aiming for low-cost global transactions amid rising geopolitical and economic challenges.

Dollar Weakens Amid Fed Rate Cut Bets as Bitcoin Hits Record High

The U.S. dollar fell to multi-week lows due to expectations of Federal Reserve rate cuts, while Bitcoin surged past $124,000 driven by institutional investments and regulatory support. Global currencies like the British pound, euro, and Australian dollar also strengthened against the dollar amid mixed economic data and policy signals.

Bitcoin Hits Record High Amid Summer Rally and Institutional Surge

Bitcoin surged to an all-time high of $124,480 driven by increased corporate purchases and institutional investments, boosted by supportive U.S. policies. However, a slight price dip followed after inflation concerns. Ether also reached new heights during this bullish trend.