'Historic': Trump to Sign Nation’s First Major Crypto Bill After Passing House

Key Points

1. The GENIUS Act was passed with bipartisan support (102 Democrats and 206 Republicans) and is now awaiting President Trump's signature.

2. The CLARITY Act, which establishes a regulatory framework for most crypto assets, also passed, with 78 Democrats breaking from party leadership to support it.

3. Industry leaders, such as Amanda Tuminelli of the DeFi Education Fund, hailed the GENIUS Act as a victory for innovation and a step toward clear crypto regulation.

4. The GENIUS Act aims to bridge the gap between crypto markets and traditional finance, particularly focusing on stablecoins pegged to the U.S. dollar.

5. The CLARITY Act's passage was notable for its unexpected Democratic support, despite concerns about its potential impact on President Trump's crypto ventures.