White House AI and crypto czar David Sacks celebrated the passage of a major legislative package he called “One Big Beautiful Bill,” while signaling that key crypto bills are the next major victories on the Trump administration’s agenda. In a July 3rd tweet, Sacks congratulated President Trump and legislative leaders for securing “historic victories on border security, tax cuts, welfare reform, deregulation.” He then immediately pivoted to the administration’s next priority, announcing, “Next up: Crypto Week in the House (July 14). GENIUS Act (stablecoins) is heading to the President’s desk. CLARITY Act (market structure) is heading to the Senate.” Congratulations to President Trump, the House & Senate leadership, and White House staff for passing One Big Beautiful Bill. Historic victories on border security, tax cuts, welfare reform, deregulation.Next up: Crypto Week in the House (July 14). GENIUS Act (stablecoins) is… — David Sacks (@davidsacks47) July 3, 2025 This framing presents the upcoming crypto legislation as part of a successful and ongoing governing agenda, with Sacks promising “more victories to come.” The GENIUS Act: The New Rulebook for Stablecoins The US Senate passed the GENIUS Act bill on June 17 in a voting process where 68 lawmakers voted in favor against a 30-member minority. The Act establishes the first federal regulatory framework for a dollar-pegged stablecoin regime. Related: ETH, XRP, SOL, TRX: GENIUS Act Lights a Fire Under Altcoins Signing the bill into law will empower the US Treasury Department with oversight functions as contained in the GENIUS Act and open the doors for banks, fintech firms, and retailers to operate in a regulated stablecoin environment. Next Up: The CLARITY Act Awaits House Action Unlike the GENIUS Act, the Senate has yet to pass the CLARITY Act 2025 bill. However, analysts and economic stakeholders are optimistic that it would sail through legislation like the GENIUS Act. The CLARITY Act was introduced to the House of Representatives on May 29, 2025, and advanced by House committees on June 10, 2025. It is currently awaiting consideration by the full House of Representatives. The Broader Agenda: Cementing U.S. Leadership The recent developments highlight the progress made by the Trump administration in pursuing its goal in the digital assets sector in line with the President’s aim to make America the crypto capital of the world. Related: Trump’s Push for Speed Puts Senate-Passed GENIUS Act to a Political Test in the House Many analysts believe the newly passed GENIUS Act and other related bills will promote stablecoin adoption and enhance the US digital assets ecosystem, with a significant effect on the broader cryptocurrency industry. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
Urgent Phishing Scam Alert Issued to Shibarium Community
54 min ago
You Can Buy a Martian Meteorite With Bitcoin—If You Have Upwards of $4 Million
55 min ago
Binance's CZ Reaffirms His $1,000,000 Bitcoin Prediction, But Here’s Catch
56 min ago
Solana (SOL) Price Prediction for July 4
57 min ago
Binance taps ex-Gemini CEO to navigate Europe’s regulatory maze
58 min ago
Hyperliquid price outlook: Bulls need volume to break $40 ceiling
1 hour ago