U.S. Congress to Pass Stablecoin Regulation in Six Months, GENIUS Act Introduced

Legislation aimed at regulating cryptocurrencies in the United States is set to progress, with all four congressional committees overseeing crypto regulation—Senate Banking, House Financial Services, Senate Agriculture, and House Agriculture—aligned on the issue.

David Sacks, a key figure in the crypto space and Trump's crypto czar, has indicated that a bill focused on stablecoin regulation could be passed by Congress within six months, followed by broader market structure legislation.

Additionally, Sacks has unveiled the GENIUS Act, which seeks to establish clear regulations for stablecoins and define the oversight responsibilities of federal agencies based on market size. This legislative push is expected to bring clarity to the U.S. crypto market, potentially ending the patchwork of state-level rules.

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