New Stablecoin Law Passed, What’s Next for US Crypto Regulation?

The post New Stablecoin Law Passed, What’s Next for US Crypto Regulation? appeared first on Coinpedia Fintech News

The U.S. House has passed the GENIUS Act, short for Guiding and Establishing National Innovation for U.S. Stablecoins, marking a major turning point for crypto regulation. The bill now heads to President Trump’s desk and is expected to be signed into law this week.

The US Stablecoins Act, once signed, will introduce the country’s first federal framework specifically for stablecoins, potentially setting a model for international standards.

PASSED: The GENIUS Act will create a clear regulatory stablecoin framework for asset innovators to thrive in the U.S., bring our payment system into the 21st century, and preserve the dollar’s dominance as the world’s reserve currency.

A massive WIN! pic.twitter.com/f9Wg4l8myx

— Tom Emmer (@GOPMajorityWhip) July 17, 2025

With this final step, there will be a lot of things that will happen in the space. Here’s a sneak peek and what it means to you.

Stricter Rules for Stablecoin Issuers

NEW: The White House is preparing for passage of the GENIUS Act today, with a signing ceremony for industry leaders and lawmakers being noticed for 2:30PM EST tomorrow, according to some invitees. https://t.co/1GnzxXgYCF

— Eleanor Terrett (@EleanorTerrett) July 17, 2025

Under the GENIUS Act, all stablecoins must be fully backed 1:1 by liquid assets like U.S. dollars or Treasury securities. Issuers must publish monthly reserve reports and undergo regular audits by registered accounting firms. The Act also requires compliance with anti-money laundering and consumer protection rules, creating more transparency and reliability in the market.

Issuers can choose to operate under a federal license, regulated by bodies like the OCC or FDIC, or be supervised at the state level if they issue less than $10 billion. Foreign stablecoins will only be allowed in the U.S. if their country of origin meets regulatory standards similar to those in America.

A key provision of the bill is the ban on stablecoin issuers offering interest or yield to holders, a move aimed at reducing speculative risks and preventing another Terra-like collapse. Algorithmic stablecoins, which lack backing assets, will also be outlawed entirely.

.article-inside-link {
margin-left: 0 !important;
border: 1px solid #0052CC4D;
border-left: 0;
border-right: 0;
padding: 10px 0;
text-align: left;
}

.entry ul.article-inside-link li {
font-size: 14px;
line-height: 21px;
font-weight: 600;
list-style-type: none;
margin-bottom: 0;
display: inline-block;
}

.entry ul.article-inside-link li:last-child {
display: none;
}

Also Read :
Ripple CEO Hails GENIUS Act as Historic Win for U.S. Crypto Regulation
,

Mixed Reactions from Lawmakers and Industry

The bill passed the House with a 308-122 vote, showing strong bipartisan support but also sparking criticism. Rep. Stephen F. Lynch argued that it gives big tech the power to issue their currencies and leaves the door open to potential misuse, including foreign influence and taxpayer bailouts.

The so-called “Genius Act” allows Trump to sell access to foreign governments, allows big tech to issue private digital currencies, and devalues the U.S. dollar.

Nothing in this bill prevents a taxpayer bailout when the crypto industry inevitably fails.

Congress must… pic.twitter.com/7Lln6O3jEO

— Rep. Stephen F. Lynch (@RepStephenLynch) July 17, 2025

On the flip side, Congressman Dusty Johnson took a much more optimistic stance, calling the crypto market structure bill a major milestone that “will launch a golden age of innovation and digital assets.

I just signed the landmark legislation passed today by House Republicans to strengthen American crypto innovation.

The CLARITY Act, GENIUS Act, and Anti-CBDC Surveillance State Act deliver on President Trump’s vision to make crypto a core pillar of the U.S. economy and ensure… pic.twitter.com/rnJgq3KaV2

— Speaker Mike Johnson (@SpeakerJohnson) July 17, 2025

What’s Next?

If signed as expected, the GENIUS Act will take effect in 18 months or 120 days after federal agencies finalize rules. As regulators gear up for implementation, the stablecoin industry is bracing for one of its biggest overhauls yet.

.article_register_shortcode {
padding: 18px 24px;
border-radius: 8px;
display: flex;
align-items: center;
margin: 6px 0 22px;
border: 1px solid #0052CC4D;
background: linear-gradient(90deg, rgba(255, 255, 255, 0.1) 0%, rgba(0, 82, 204, 0.1) 100%);
}

.article_register_shortcode .media-body h5 {
color: #000000;
font-weight: 600;
font-size: 20px;
line-height: 22px;
text-align:left;
}

.article_register_shortcode .media-body h5 span {
color: #0052CC;
}

.article_register_shortcode .media-body p {
font-weight: 400;
font-size: 14px;
line-height: 22px;
color: #171717B2;
margin-top: 4px;
text-align:left;
}
.article_register_shortcode .media-body{
padding-right: 14px;
}

.article_register_shortcode .media-button a {
float: right;
}
.article_register_shortcode .primary-button img{
vertical-align: middle;
width: 20px;
margin: 0;
display: inline-block;
}

@media (min-width: 581px) and (max-width: 991px) {
.article_register_shortcode .media-body p {
margin-bottom: 0;
}
}

@media (max-width: 580px) {
.article_register_shortcode {
display: block;
padding: 20px;
}

.article_register_shortcode img {
max-width: 50px;
}

.article_register_shortcode .media-body h5 {
font-size: 16px;
}

.article_register_shortcode .media-body {
margin-left: 0px;
}

.article_register_shortcode .media-body p {
font-size: 13px;
line-height: 20px;
margin-top: 6px;
margin-bottom: 14px;
}

.article_register_shortcode .media-button a {
float: unset;
}

.article_register_shortcode .secondary-button {
margin-bottom: 0;
}
}

Never Miss a Beat in the Crypto World!

Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.

.subscription-options li {
display: none;
}
.research-report-subscribe{
background-color: #0052CC;
padding: 12px 20px;
border-radius: 8px;
color: #fff;
font-weight: 500;
font-size: 14px;
width: 96%;
}
.research-report-subscribe img{
vertical-align: sub;
margin-right: 2px;
}

var templateIds = “6”;
var listOfSubscribed = [];

function subscribed_popupmodal(template_id) {
var templateId = ‘6’;
getAllSubscriberCategoryList([templateId]);
var subcribemodal = window.parent.document.getElementById(‘subscribe-modal-design’);
if (subcribemodal) {
var modalContent = `

`;
subcribemodal.innerHTML = modalContent;
}
subscribe_unsubscribe_status(template_id);
//getAllSubscriberCategoryList(template_id);
}

function getAllSubscriberCategoryList(getcategoryId) {

jQuery.ajax({
url: ‘https://coinpedia.org/wp-admin/admin-ajax.php’,
type: ‘GET’,
data: {
action: ‘subscribe_api_ajax_request’,
apiurl: ‘/app/email_newsletter/list’,
},
success: function(response) {
var result = JSON.parse(response.message);

if (result.status === true) {

var idstosubscribed = []
// Populate listOfSubscribed with subscribed category IDs
result.message.forEach(listofcategory => {

if (listofcategory.subscribe_status === 1) {
if (!listOfSubscribed.includes(listofcategory._id)) {

listOfSubscribed.push(listofcategory._id);
}

if (!idstosubscribed.includes(listofcategory.news_cp_category_row_id)) {
idstosubscribed.push(listofcategory.news_cp_category_row_id);
}
}
});

idstosubscribed.forEach(id => {
var subscribeButton = document.getElementById(‘subscribe_’ + id);
var unsubscribeButton = document.getElementById(‘unsubscribe_’ + id);

if (subscribeButton && unsubscribeButton) {
subscribeButton.style.display = ‘none’;
unsubscribeButton.style.display = ‘block’;
var showDownloadReport = document.getElementById(‘download_report’);

if (showDownloadReport) {
showDownloadReport.style.display = ‘block’;
}
}
});
}

},
error: function(xhr, status, error) {
console.error(‘Error:’, error);
}
});
}

function logSelectedSubscriptions(categoryid) {
var unsubscribemodal = document.querySelector(‘.unsubscribed-popup-modal .modal’);
var subscribedmodal = document.querySelector(‘.subscribed-popup-modal .modal’);
unsubscribemodal.innerHTML=”;
subscribedmodal.innerHTML=”;
var selectedSubscriptions = [];
var storeCheckedId = [];
var checkboxes = document.querySelectorAll(‘#subscription-options-‘ + categoryid + ‘ input[type=”checkbox”]’);
var errorMessage = document.getElementById(‘error-message-select’);

// Use a Set to handle unique data-ids
var uniqueSubscribedIds = new Set(listOfSubscribed);

checkboxes.forEach(function(checkbox) {
var dataId = parseInt(checkbox.getAttribute(‘data-id’));
if (checkbox.checked) {

selectedSubscriptions.push(checkbox.id);
storeCheckedId.push(dataId);
} else {

uniqueSubscribedIds.delete(dataId); // Remove unchecked data-id
}
});

// Update listOfSubscribed with unique values
listOfSubscribed = Array.from(uniqueSubscribedIds);

var selectedSubscriptionsString = selectedSubscriptions.join(‘, ‘);
var concatinateSubscribeId = […new Set(storeCheckedId.concat(listOfSubscribed))];

var categoryData = {
‘subscribed_categories’: concatinateSubscribeId
};

var requestSubscriberData = {
action: ‘handle_dynamic_api_request_with_headers’,
security: ‘9946028b2a’,

endpoint: ‘/app/email_newsletter/update_categories’,
token: ”,
data: categoryData
};

jQuery.ajax({
url: ‘https://coinpedia.org/wp-admin/admin-ajax.php’,
type: ‘POST’,
data: requestSubscriberData,
beforeSend: function(xhr) {
xhr.setRequestHeader(‘X-Requested-With’, ‘XMLHttpRequest’);
},
success: function(response) {
try {
response = response.data;

if (storeCheckedId.length === 0) {
var unsubcribedPopUpmodal =

`;
unsubscribemodal.innerHTML = unsubcribedPopUpmodal;
document.querySelector(‘#subscribe-modal-design .modal’).style.display = ‘none’;
unsubscribemodal.style.display = ‘block’;
unsubscribemodal.classList.remove(‘hide’);
unsubscribemodal.classList.add(‘show’);
document.getElementById(‘subscribe_’ + categoryid).style.display = ‘block’;
document.getElementById(‘unsubscribe_’ + categoryid).style.display = ‘none’;
var showDownloadReport = document.getElementById(‘download_report’);
if (showDownloadReport) {
showDownloadReport.style.display = ‘none’;
}

} else {

var subscribedPopupModal =

let selectedSubscriptionsArray = selectedSubscriptionsString.split(‘,’);
let subscribedCategories = selectedSubscriptionsArray.map(subscription => subscription.split(‘_’)[0]);
let subscribedCategoriesString = subscribedCategories.join(‘, ‘);

subscribedmodal.innerHTML = subscribedPopupModal;
if (document.getElementById(‘selectidname’)) {
document.getElementById(‘selectidname’).textContent = subscribedCategoriesString;
}

document.querySelector(‘#subscribe-modal-design .modal’).style.display = ‘none’;
subscribedmodal.style.display = ‘block’;
subscribedmodal.classList.remove(‘hide’);
subscribedmodal.classList.add(‘show’);
document.getElementById(‘subscribe_’ + categoryid).style.display = ‘none’;
document.getElementById(‘unsubscribe_’ + categoryid).style.display = ‘block’;
var showDownloadReport = document.getElementById(‘download_report’);
if (showDownloadReport) {
showDownloadReport.style.display = ‘block’;
}

}

} catch (e) {
console.error(‘Error parsing response:’, e);
}
},

});
}

function closeModal(template_id) {
var modalId = template_id;
var modal = document.querySelector(‘#’ + modalId); // Using querySelector to find the modal

if (modal) {
modal.classList.add(‘hide’);
modal.classList.remove(‘show’);
setTimeout(function() {
modal.style.display = ‘none’;
}, 500);

} else {
console.warn(‘Modal not found:’, modalId);
}
}

function closeunsubscribemodal() {
var unsubscribemodal = document.querySelector(‘.unsubscribed-popup-modal .modal’);

if (unsubscribemodal) {
unsubscribemodal.classList.add(‘hide’);
unsubscribemodal.classList.remove(‘show’);
}
setTimeout(function() {
unsubscribemodal.style.display = ‘none’;
}, 500);
}

function withoutLoginClicked(withoutlogin_id) {

localStorage.setItem(‘subscribe_without_Login’, ‘true’);
localStorage.setItem(‘subscribe_clicked_id’, withoutlogin_id);
}

document.addEventListener(‘DOMContentLoaded’, function() {

const subscribewithoutData = localStorage.getItem(‘subscribe_without_Login’);
const subscribe_clicked_cat_id = localStorage.getItem(‘subscribe_clicked_id’);

// Function to get cookies
function getCookie(name) {
let value = “; ” + document.cookie;
let parts = value.split(“; ” + name + “=”);
if (parts.length == 2) return parts.pop().split(“;”).shift();
}

// Get user token from cookies
const userToken = getCookie(‘user_token’);

if (subscribewithoutData === ‘true’ && userToken) {
// Call the modal function with the category ID
subscribed_popupmodal(subscribe_clicked_cat_id);

// Remove the flag and category ID from localStorage
localStorage.removeItem(‘subscribe_without_Login’);
localStorage.removeItem(‘subscribe_clicked_id’);
}
});

/************************** update susbcriber content **************************** */
function initializeSubscriptionButton() {
var initialListItems = document.querySelectorAll(‘.subscription-options input[type=”checkbox”]’);
initialListItems.forEach(function(item) {
console.log(item.checked, ‘Initial Checkbox checked status’);
});

var listItems = document.querySelectorAll(‘.subscription-options li’);
if (listItems.length === 0) return;

}

function updateSubscriptionButton() {
var listItems = document.querySelectorAll(‘.subscription-options li’);
if (listItems.length === 0) return;

// Update the button text based on whether any list item has the ‘active’ class
updateButtonText(anyActive);
}
document.addEventListener(‘click’, function(event) {
var clickedItem = event.target.closest(‘.subscription-options li’);
if (clickedItem) {
var checkbox = clickedItem.querySelector(‘input[type=”checkbox”]’);
if (checkbox) {
checkbox.checked = !checkbox.checked;
updateSubscriptionButton();
}
}
});

FAQs

What is the GENIUS Act and its current status?

The GENIUS Act (Guiding and Establishing National Innovation for U.S. Stablecoins) is a bill passed by the U.S. House of Representatives, heading to President Trump for signing, establishing a federal stablecoin framework.

Does the GENIUS Act ban algorithmic stablecoins?

Yes, the GENIUS Act specifically outlaws unbacked algorithmic stablecoins, aiming to prevent Terra-like collapses by requiring full asset backing.

When is the GENIUS Act expected to take effect?

The GENIUS Act is expected to take effect 18 months after enactment or 120 days after federal agencies finalize rules, whichever comes first.

New Stablecoin Law Passed, What’s Next for US Crypto Regulation?

Categories

Recent News

Here’s why EasyJet share price has crashed and what next

Oracle stock price has surged, but beware of key risks

New Stablecoin Law Passed, What’s Next for US Crypto Regulation?

Stricter Rules for Stablecoin Issuers

Mixed Reactions from Lawmakers and Industry

What’s Next?

Never Miss a Beat in the Crypto World!

Never Miss a Beat in the Crypto World!

Daily

Weekly

Monthly

You’ve Unsubscribed Successfully

Thank you for subscribing!

FAQs

Why the Uniswap (UNI) Token is Surging Today

XLM and XRP price predictions: why Ripple, Stellar are surging

Categories

Recent News

Here’s why EasyJet share price has crashed and what next

Oracle stock price has surged, but beware of key risks