On Thursday, July 17, 2025, the U.S. House of Representatives passed a significant bill creating a regulatory framework for stablecoins, cryptocurrencies tied to the U.S. dollar’s value.
On Friday, July 18, 2025 , President Trump signed a bill establishing the first federal framework for dollar-backed stablecoins into law. This marks one of the biggest wins yet for the cryptocurrency industry, which has actively lobbied for more favorable regulation in Washington, D.C.
According to Reuters, this bill represents a major achievement for the digital asset industry. The industry has long pushed for federal regulation and significantly funded pro-cryptocurrency candidates in last year’s elections.
The House also approved two other cryptocurrency-related bills: one to establish a broader regulatory framework for cryptocurrencies and another to ban the issuance of a U.S. central bank digital currency.
The stablecoin bill, called the Genius Act, and the cryptocurrency market structure bill, known as the Clarity Act, both received strong bipartisan support. The stablecoin legislation passed with a vote of 308-122, with Democrats joining Republicans in its approval.
Stablecoins are designed to maintain a consistent value, often pegged 1:1 to the U.S. dollar, and are frequently used by crypto traders for transactions. Summer Mersinger, CEO of the Blockchain Association and a former Commodity Futures Trading Commission official, called the vote a “pivotal moment in the development of U.S. digital asset policy.”
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