A bill central to the future of digital asset regulation in the United States is awaiting a vote in the House, part of a broader legislative push to reshape the financial landscape. French Hill, GENIUS is aimed at small and medium-sized enterprises (SMEs) and fintech startups. Beyond these examples, the legislation takes big steps to raise the level of innovation in the crypto space. Passing this act along with an executive order by President Donald Trump stokes a major firestorm. This is particularly true as it relates to the regulation of the top cryptocurrencies by market capitalization, such as ETH and BTC, and stablecoins.
President Trump then signed an executive order on January 23, 2025 that established a centralized and streamlined federal approach to all digital assets. Spurring Transportation Innovation The GENIUS Act is one of the biggest pieces of this legislative wave, and it’s moved further than most—passing the Senate unanimously. Its ultimate aim is to set innovation-friendly practices that they hope will lead to more investment and a burgeoning industry.
The GENIUS Act, in concert with the recently introduced CLARITY Act, has the potential to change the regulatory landscape for all significant cryptocurrencies. The act establishes the requirement to identify innovation-friendly policies as priorities for more investment across the country and growth in industry innovation. Under the GENIUS Act and a few other policy changes, we will likely see greater institutional confidence and a result capital inflows.
The legislation faces opposition. Democrats have criticized the legislation for lacking important consumer protections and national security guardrails. They argue that the legislation would further legitimize what they call “President Trump’s crypto corruption.”
Right now, the CLARITY Act and Anti-CBDC Act, in addition to the GENIUS Act, are being fiercely debated on the floor of the House of Representatives. The outcome of the votes on the GENIUS Act will significantly impact the future of digital asset regulation in the United States.
And though the GENIUS Act is well supported, it’s not without its detractors. Critics, mostly Democrats, complain that the new merger would lack important consumer protections and national security risk protections. They are concerned that the act might unwittingly legitimize the new regulatory framework for what they dub “President Trump’s crypto corruption.” Second, this raises serious ethical concerns about the proposed regulatory framework.
The House vote just days away is historic and has enormous impact for the entire digital asset industry. The passage of GENIUS Act will help ensure we have the dynamic field for innovation. We believe that President Trump’s executive order will help accelerate this growth even more. This shift may lead to increased institutional confidence and a substantial influx of capital into the crypto market, potentially reshaping the financial ecosystem.
