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The GENIUS Act, a landmark invoice to control stablecoins within the US, may attain President Donald Trump’s desk as early as July 7, with crypto czar David Sacks calling subsequent month a giant one for digital property.
Home Republicans are pushing to cross the GENIUS Act alongside the Readability Act, which defines how totally different crypto property needs to be regulated, and each might be bundled right into a single procedural vote, Bloomberg reported, citing folks accustomed to the matter.
The laws may attain Trump’s desk as early because the week of July 7, the story mentioned.
Sacks teased the legislative momentum in a June 27 put up on X, hinting at a possible GENIUS Act signing and progress on broader crypto guidelines.
“July shall be a giant month, with a invoice signing for GENIUS, and CLARITY going to the Senate!” he mentioned.
July shall be a giant month, with a invoice signing for GENIUS, and CLARITY going to the Senate!
— David Sacks (@davidsacks47) June 26, 2025
Sacks Says Crypto Will Have Regulatory Readability By September
The GENIUS Act, formally referred to as The Guiding and Establishing Nationwide Innovation for US Stablecoins Act, relates particularly to stablecoins, and establishes guidelines that issuers within the US might want to comply with.
The Readability Act relates extra to the broader crypto market and seeks to outline what several types of crypto property are.
In a put up on X yesterday, Sacks mentioned {that a} crypto market construction invoice shall be launched earlier than the August recess, and that the crypto group will lastly have long-awaited crypto regulatory readability by the top of September.
He thanked Banking Committee Chair Time Scott and Digital Property Subcommittee Chair Senator Lummis for asserting a transparent timeline and plan for complete crypto market construction laws.
Trump Urged “LIGHTNING FAST” Approval Of GENIUS Act
Shortly after the GENIUS Act handed the Senate, Trump took to Reality Social and referred to as for the “LIGHTNING Quick” approval of the invoice.
“Get it to my desk, ASAP,” he mentioned. “NO DELAYS, NO ADD ONS. That is American Brilliance at its greatest, and we’re going to present the World how you can WIN with Digital Property like by no means earlier than!”
Regardless of Trump’s requires fast approval, Home leaders and Monetary Companies Committee Chairman French Hill haven’t publicly dedicated to advancing the invoice.
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