Meanwhile, the move by Congress to pass the stablecoin legislation without attaching another piece of payments legislation, the Credit Card Competition Act, deals a blow to the chances for passage of the CCCA in the current Congress, observers say. “The avenues for CCCA are dwindling and it continues to face an uphill battle,” Talbott says.

The GENIUS Act was one of the three digital currency-related regulations up for discussion in what has been labelled as “crypto week” from July 14 to July 18. The other two are the Clarity Act of 2025 and the anti-central bank digital currency (CBDC) Surveillance State Act.

The GENIUS Act is likely to be signed into law on Friday and is set to change how stablecoin issuers operate both in the US and overseas.

The cryptocurrency industry spent more than $250 million in the last election to help crypto-friendly candidates run for Congress and the White House.

On Monday, Republican leaders in the House of Representatives kicked off what they’re calling “Crypto Week”—a concerted effort to make America the cryptocurrency capital of the world by advancing three key pieces of crypto-related legislation.

The regulatory clarity the GENIUS Act proposes to bring to the stablecoin space can help ease some of the worries of more conservative entities, such as CFOs, examining the space, EY’s Paul ...

The GENIUS Act: A Brief Overview. The GENIUS Act is one of several Congressional initiatives aimed at regulating the issuance and operation of various crypto assets. The Act focuses on so-called ...

Cryptocurrency has gained a hold in Americans’ investment portfolios and their retirement accounts — and now it’s a step closer to their wallets for everyday use.