Overview

• The Senate approved the GENIUS Act by a 68-30 vote, marking the first major crypto legislation to clear the chamber.
• President Trump demanded on Truth Social that the House deliver a ‘clean’ stablecoin bill without amendments or delays.
• The White House is urging lawmakers to pass stablecoin reform separately rather than bundle it with broader crypto market rules.
• Senator Tim Scott has set a September 30 deadline for finalizing legislation that divides digital asset oversight between the SEC and CFTC.
• House leaders remain split on whether to vote on the stablecoin measure on its own or package it with the Digital Asset Market Clarity Act.