GENIUS Act Reaches the House of Representatives, But Progress Hinges on Merger with CLARITY Bill

The GENIUS Act, which recently passed the U.S. Senate with strong bipartisan support, has now been officially submitted to the House of Representatives. However, its path forward is facing new hurdles — key lawmakers are pushing for the stablecoin bill to be merged with the broader CLARITY Act, which addresses the overall structure of the crypto market.

🔹 Merger with CLARITY Seen as Key to Smooth Passage American journalist Eleanor Terrett reported that the GENIUS Act has been formally added to the House agenda, where it will be debated and put to a vote. If passed without amendments, the bill will move directly to the President for final approval. However, several House members argue that the GENIUS bill should be combined with the CLARITY Act before any vote takes place. Leading this initiative is Republican Congressman Tom Emmer, who believes that a clearly defined market structure must come first.

🔹 What Is the CLARITY Act and Why Does It Matter? The CLARITY Act seeks to establish a comprehensive regulatory framework for the U.S. crypto industry. Unlike the GENIUS Act, which focuses solely on stablecoins, CLARITY covers broader market infrastructure and rules. Although the CLARITY Act has already passed through initial voting in the House, its future remains uncertain. Any attempt to merge it with the GENIUS Act would require Senate approval again if modifications are made — potentially delaying the entire process.

🔹 Trump Pushes for Swift Passage of GENIUS Act Following the Senate approval, former President Donald Trump called on the House to pass the GENIUS Act without amendments. Trump emphasized that a clear legal foundation for stablecoins is vital for the digital asset future in the U.S. and urged lawmakers to act quickly. Meanwhile, the Senate Subcommittee on Banking and Digital Assets has released its own version of the CLARITY framework. Their aim is to improve the House’s version, further complicating negotiations. If the GENIUS and CLARITY Acts are indeed merged, the legislation may face a longer and more complex journey. However, this could also result in a stronger and more unified regulatory structure for the U.S. crypto market.

#crypto , #Regulation , #Stablecoins , #Cryptolaw , #CryptoInnovation

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