The battle over cryptocurrency regulation is heating up in Washington, with former President Donald Trump pressuring the House of Representatives to quickly pass a stablecoin bill after it cleared the Senate in a bipartisan vote.<\/p>\n\n\n\n
The Senate recently passed the GENIUS Act<\/strong>, a groundbreaking piece of legislation that creates the first-ever federal regulatory framework for stablecoins. The bill passed with strong bipartisan support, 68\u201330, underscoring the growing urgency to bring digital assets under regulatory oversight.<\/p>\n\n\n\n The bill requires that stablecoins\u2014digital tokens pegged to the U.S. dollar\u2014be backed by highly liquid assets such as U.S. dollars and short-term Treasury bills. Issuers would also be required to disclose their reserves on a monthly basis<\/strong>, ensuring greater transparency and protecting investors from risks in the market.<\/p>\n\n\n\n Trump has urged lawmakers to deliver a \u201cclean\u201d version of the bill<\/strong>, allowing him to sign it into law swiftly. However, House Republicans are pushing for a broader overhaul of cryptocurrency regulations, which has led to friction between the House, Senate, and Trump\u2019s team.<\/p>\n\n\n\n The House is preparing for a high-stakes \u201ccrypto week\u201d showdown, where lawmakers will debate whether to stick to the stablecoin-only approach or push for sweeping reforms that could reshape the broader digital asset landscape.<\/p>\n\n\n\n The stablecoin bill has already been hailed as a landmark for the crypto industry, which has spent more than $100 million lobbying for regulatory clarity<\/strong>. If the legislation is finalized and signed into law, it would mark the most significant step yet toward mainstream acceptance of cryptocurrencies in the U.S. financial system.<\/p>\n","protected":false},"excerpt":{"rendered":" The battle over cryptocurrency regulation is heating up in Washington, with former President Donald Trump pressuring the House of Representatives to quickly pass a stablecoin bill after… <\/p>\n","protected":false},"author":1,"featured_media":12,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1447","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/storytimebuzz.com\/index.php?rest_route=\/wp\/v2\/posts\/1447","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/storytimebuzz.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/storytimebuzz.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/storytimebuzz.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/storytimebuzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1447"}],"version-history":[{"count":0,"href":"https:\/\/storytimebuzz.com\/index.php?rest_route=\/wp\/v2\/posts\/1447\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/storytimebuzz.com\/index.php?rest_route=\/wp\/v2\/media\/12"}],"wp:attachment":[{"href":"https:\/\/storytimebuzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1447"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/storytimebuzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1447"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/storytimebuzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1447"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}What the Bill Does<\/h3>\n\n\n\n
Trump vs. House Republicans<\/h3>\n\n\n\n
A High-Stakes \u201cCrypto Week\u201d Ahead<\/h3>\n\n\n\n
A Milestone for the Crypto Industry<\/h3>\n\n\n\n