As 'Crypto Week' comes to an end, here is why the GENIUS bill, which will establish a regulatory framework for stablecoins in the U.S., matters for crypto and the masses.

Two of the legislations — the GENIUS Act and the CLARITY Act — were passed with significant bipartisan support.

GENIUS Act, Anti-CBDC Act, and CLARITY Act pass procedural vote 215-211 in Congress after Trump's Oval Office intervention.

The US House advances debates on key US crypto legislation, including bills on stablecoins, digital asset oversight, and anti-CBDC measures.

The bills aim to define Bitcoin as a commodity, block a Federal Reserve issued CBDC, and regulate stablecoins while protecting decentralized assets.

The Clarity Act (HR 3633), the legislation that aims to provide guidance on how different digital assets are regulated and which agency has oversight, is

The GENIUS Act is the first federal legislation to regulate stablecoins, requiring full 1:1 backing, public reserve disclosures, and federal licensing. Stablecoins offer faster, cheaper,

The Genius Act, which passed in the Senate last month with broad bipartisan support, would create rules of the road for the $250 billion market for stablecoin, a type of cryptocurrency. The bill is also part of a broader push by Republican lawmakers and President Trump to support the cryptocurrency industry and ease regulations around the emerging sector.