US House poised to decide on groundbreaking crypto bills this week

US House Gears Up to Legislate Crypto Legitimacy

The United States House of Representatives is poised to vote on three significant bills this week. One of those bills focuses on stablecoins—cryptocurrencies pegged to stable assets like the U.S. dollar. If the bill passes, it will immediately move to former President Donald Trump for signature.

From Suspicion to Acceptance

• For years, the crypto industry was viewed with suspicion, largely because the Biden administration believed that the sector, born out of bitcoin’s success, should remain tightly controlled and stay away from mainstream investors.
• After crypto investors poured millions into Trump’s presidential campaign last year, Trump changed his stance on the industry. He even launched a Trump meme coin and other ventures as he prepared for a return to the White House.

According to federal financial disclosure forms released last month, Trump earned more than $57 million from the crypto venture World Liberty Financial, which he launched with his sons in 2023.

Trump’s Crypto Moves

• Trump has appointed crypto advocate Paul Atkins to head the Securities and Exchange Commission (SEC).
• He has established a federal “Strategic Bitcoin Reserve” aimed at auditing the government’s bitcoin holdings. Those holdings were largely accumulated by law enforcement from judicial seizures.
• Thanks to his backing, Trump could soon sign the stablecoin bill—dubbed the GENIUS Act. The Senate passed the bill last month. It sets rules such as requiring issuers to have reserves of assets equal in value to that of their outstanding cryptocurrency.

Stablecoins: The Safest Digital Currency

Stablecoins are considered the safest and least volatile of digital currencies because their value is tied to traditional currency or secure assets such as gold. Another provision of the bill empowers banking regulators to oversee stablecoin issuers in the United States.

“Long Time Coming”

With Trump’s signature, the GENIUS Act could finally bring the last time many crypto investors have awaited: a legitimate framework for stablecoins that could instill confidence in mainstream financial markets.

US Law Shift Could Boost Dollar‑Backed Crypto Hubs

b>After years of crypto scrutiny, the U.S. aims to tighten regulation while keeping the Dollar at the core of digital finance.

Key Bills in the House

• CLARITY Act – Aims to split authority between the SEC and the CFTC, giving clearer rules for digital assets.
• Anti‑CBDC Surveillance State Act – Seeks to stop the Federal Reserve from issuing a Central Bank Digital Currency (CBDC), citing privacy and civil‑liberty concerns.

Potential Impact on Crypto

Gerald Gallagher, General Counsel at Sei Labs, wrote that the bills offer “security and certainty” for investors that had previously been absent. He called the legislation “a long time coming.”

Next Steps

Both acts require Senate approval before the bill can reach the President for signature.