Search Results
ID: tyz0Z21z/biz/60513313#60518369
6/18/2025, 3:43:24 PM
https://www.cryptoinamerica.com/p/genius-act-clears-senate-but-house
>The bill now heads to the House, where its path forward remains uncertain — not just because the chamber has its own version, the STABLE Act, which will need to be reconciled with GENIUS, but also because some House leaders are pushing to package the stablecoin framework with some version of the CLARITY Act — the lower chamber’s market structure bill, which cleared two committees last week with bipartisan support.
>The thinking: combining the two could improve the odds that both bills clear Congress before President Trump’s August deadline — now less than 50 days away.
>A House lawmaker who spoke off the record said the real priority is getting both pieces of legislation — stablecoin and market structure — across the finish line.
>Meanwhile, adding another layer of complexity, the Senate is expected to release its own version of market structure text in the coming weeks, with a full committee hearing likely in July — creating two separate legislative texts across both chambers, moving through four different Congressional committees.
Trump wants both stablecoin and crypto market structure legislation on his desk, to sign into law, by the August recess.
There is only 1 day that congress is in session in August: the 1st of August.
Pic related.
Which means that the House and Senate are trying to get both bills passed by that date.
If they miss that date, Congress isn't in session to vote on anything again until September 2nd.
>The bill now heads to the House, where its path forward remains uncertain — not just because the chamber has its own version, the STABLE Act, which will need to be reconciled with GENIUS, but also because some House leaders are pushing to package the stablecoin framework with some version of the CLARITY Act — the lower chamber’s market structure bill, which cleared two committees last week with bipartisan support.
>The thinking: combining the two could improve the odds that both bills clear Congress before President Trump’s August deadline — now less than 50 days away.
>A House lawmaker who spoke off the record said the real priority is getting both pieces of legislation — stablecoin and market structure — across the finish line.
>Meanwhile, adding another layer of complexity, the Senate is expected to release its own version of market structure text in the coming weeks, with a full committee hearing likely in July — creating two separate legislative texts across both chambers, moving through four different Congressional committees.
Trump wants both stablecoin and crypto market structure legislation on his desk, to sign into law, by the August recess.
There is only 1 day that congress is in session in August: the 1st of August.
Pic related.
Which means that the House and Senate are trying to get both bills passed by that date.
If they miss that date, Congress isn't in session to vote on anything again until September 2nd.
Page 1