‘Historic win’ for crypto! – GENIUS Act heads to Trump for final approval

Key Points

1. The GENIUS Act was cleared by the U.S. House with a 308-122 vote, with bipartisan support including over 100 Democrats joining Republicans.

2. SEC Chair Paul Atkins praised the bill as a step to 'spur innovation' by providing clear regulatory rules for the crypto industry.

3. Ripple's founder Brad Garlinghouse and legal chief Stuart Alderoty hailed the bill as a 'major financial bill' and a move to foster industry growth.

4. Coinbase's founder Brian Armstrong welcomed the update but emphasized the need for further progress, particularly with the CLARITY Act.

5. The bill's passage represents the first major crypto legislation to become law in the U.S., signaling a shift toward clearer regulatory frameworks for digital assets.