Trump is expected to see his first major legislative victory on cryptocurrency policy next week
BlockBeats News, July 11th, according to politico report, Trump is expected to see his first major legislative victory on cryptocurrency policy next week. House Republicans are preparing to pass a bill previously submitted to the Senate to establish new regulatory rules for stablecoins.
The U.S. House of Representatives is expected to vote early next week on the "GENIUS Act" introduced in the Senate. The bill aims to establish the first U.S. regulatory framework for so-called "stablecoins" pegged to the U.S. dollar. The bill, which received bipartisan support in the Senate last month, is poised to become the first major cryptocurrency regulation adopted by the U.S. Congress.
Trump's signing of this stablecoin bill could provide a significant boost to the long-elusive mainstream crypto industry. Crypto supporters hope that the U.S. government's endorsement, along with the customized regulatory framework they have been actively lobbying Congress for over the years, will enhance the legitimacy of cryptocurrencies, promote adoption, and open the door for further involvement in digital assets by traditional financial institutions.
This legislation could also be favorable for the Trump family itself: his sons founded a stablecoin issuing company last year.
You may also like

Crypto Market Update: BTC Holds $76K as Fear Index Signals Opportunity — What Is Futures Trading & Spot Trading Explained

DeFi is trapped in the most dangerous prisoner's dilemma in history

Exclusive Interview with Jeff Hoffman: How Web3 and AI are Reshaping the Trillion-Dollar Social Travel Market

After the KelpDAO hack, AAVE's situation is worse than you think

Atkins Marks One-Year Anniversary at SEC: Crypto Regulation Shifts from ‘Enforcement Heavy’ to ‘Rulemaking Mode’

Under Political Pressure, Is the Federal Reserve Still Independent?

Yellen's Past Remarks: How Will This Incoming "Fed Chair" Disrupt the Federal Reserve? Janet Yellen, who is expected to become the next Chair of the Federal Reserve, has made several significant statements in the past regarding monetary policy, financ...

ZachXBT vs. RAVE: Is a “Clean” Market Really What Speculators Want?

Arbitrum Poses as Hacker, 'Steals' Back Money Lost by KelpDAO

Without Cook's Apple, Can it Still Grow in the AI Era?

Saylor's Bitcoin Holdings Surpass BlackRock, How Does This "Bitcoin Financing Machine" STRC Work?

What Is RWA? What Is RWA in Crypto (Complete 2026 Guide)
Wondering what is RWA in crypto? We explain what RWA is, break down RWA tokenization in simple no-jargon terms, and cover why it's 2026's hottest crypto narrative.

What Is the KelpDAO Attack? What It Means for Aave Users in 2026
KelpDAO suffered a $292M rsETH exploit on April 18, 2026, triggering Aave market freezes and $13B DeFi outflows. Here’s what happened, whether Aave is safe now, and what users should do next.

Is your gold really "within reach"? The geographical blind spots of custodial services behind tokenized gold

Cook Passes the Baton, Anthropic Gears Up | Rewire News Morning Brief

Will the Fed Cut Interest Rates Again? Tonight's Data Is Key

The person taking over Apple has to do something he has never done before



