The Genius Law (Guiding and Establishing National Innovation for Us Stablcoins), a legislative project that seeks to establish the first comprehensive regulatory framework for Stablecoins in the United States, has just been approved by the House of Representatives.
With 307 votes in favor and 122 against, The regulations now pass to the Oval Office of the White House to be promulgated by US President Donald Trumpwho has urged Congress for approval and insured that will give his signature.
The approval occurs minutes after the camera will approve Another bill on digital assets, Clarity, which clarifies which are Commodities and Securitiesand defines control roles between the SEC and the CFTC, eliminating its regulatory overlap that generated uncertainty.
Unlike Genius, which was originated in the Senate, the Clarity bill, promulgated by the Chamber, still requires another legislative process to reach Trump’s desk. With his approval Before 294 votes in favor and 134 against, it now goes to evaluation of the senators.
In addition, the camera approved Then the Anti-CBDC bill, which prohibits the issuance of digital currencies of the Central Bank (CBDC), with 219 votes in favor and 210 against. In this way, this expects to be included in the National Defense Authorization Law (NDAA).
Promoted by Senator Bill Hagerty, Genius law promises to modernize the payment system, protect consumers and consolidate the domain of the dollar in global digital finances.
The law establishes that stablecoins that maintain the same price of the US dollar (USD) They must be backed by liquid reserves In a 1: 1 proportion, ensuring that the tokens are redeemable for their nominal value. To do this, it forces the issuers to undergo regular audits.
The Stablecoins market, cryptoactive that maintains parity with Fíat coins, has Currently a capitalization of USD 260,000 million, dominated mainly by two assets anchored to the value of the dollar: tether (USDT) and USD Coin (USDC), which represent 60% and 25% of the total respectively.
What is the objective of the genius law?
Genius law is part of the government’s intention to position the United States as leader in the global Bitcoin (BTC) market and cryptocurrencies. Their drivers emphasize that seeks to make the country the “world capital” of the ecosystem, promoting stablecoins as fast and efficient payment tools.
Its main objectives are to protect Stablecoins users against deceptive practices, mitigate risks related to money laundering and terrorism financing, and preserve the hegemony of the dollar in digital transactions against the growing adoption of cryptocurrencies.
Likewise, it is a way to maintain the value of the dollar, since Stablecoins emitters such as USDT and USDC have become the main treasury bond demanders of the United States.
In this way, it also represents a step in the fight against the development of cryptoactives anchored to foreign fíat currencies, such as digital currencies of central banks that plan to launch from China and the European Union.
The law also aims to encourage competence between banks and Fintech companies, allowing them to issue and/or offer Stablecoins under a clear regulatory framework.
An arduous legislative process
The legislative process of the genius law was arduous and marked by partisan tensions. Introduced into the Senate in 2025, The proposal was supported by key republican figuresas Senator Cynthia Lummis, known for her support for Bitcoin, and the leader of the majority, John Thune, who accelerated her discussion in the plenary.
At the beginning of May, a vote to advance the debate was rejected by a narrow margin of 48-49, with the Democratic Block leading the opposition. Senators like Ruben Gallego and Mark Warner then They expressed concerns about the lack of stricter measures Against money laundering, risks to national security and the possible destabilization of the financial system.
However, in June, the amended project obtained quorum to be debated in the Senate, which came to its final approval the same month, thus going to evaluation of the House of Representatives, a sector that today ended its instance in Congress with its approval.
The approval of the camera is given in the so-called “cryptocurrency week”, a republican initiative to advance in the Genius, Clarity and Anti-CBDC laws. This happens despite the fact that Democratic legislators launched a campaign against, which tried to stop the path of regulations.
The defenders of the Genius law argue that this regulatory framework will provide legal clarity, a crucial factor for its adoption and promote innovation in the cryptocurrency sector.
According to Hagerty, support measures 1: 1 and federal supervision would minimize systemic risks, while they would contribute to the Trust in Stablecoins as a means of exchange.
A significant impact
It is expected that the impact of the Genius law, which has been applauded by the USDT and USDC, Tether and Circle emitters, be significant globally, since It promotes its adoption by offering supervision of the reserves and legitimacy of the US government.
The fact is that the implementation of the Genius Law will mark the beginning of a new era for banks, Fintechs and users, which with their entry will operate in a regulated environment that encourages competition and trust.
In addition, these assets mean liquidity for Bitcoin and cryptocurrencies, so the regulation in favor of its adoption is seen as an upward signal for the market.
However, the challenges persist: the effective supervision of the issuers, the adaptation of companies to the new requirements and tensions with countries that promote their own digital currencies They will be key evidence for the success of this regulation.
