Trump Nears First Major Crypto Victory with Upcoming House Vote

President Donald Trump is expected to secure his first major legislative success in cryptocurrency policy next week as House Republicans move toward approving a Senate-backed stablecoin regulation bill.

The House is set to vote on the GENIUS Act, a Senate-passed proposal that aims to establish the first official U.S. regulatory framework for stablecoins — digital currencies tied to the value of the U.S. dollar. With bipartisan support in the Senate, the bill is on track to become the first comprehensive crypto legislation ever approved by Congress.

If signed into law, the measure would mark a turning point for the crypto sector, which has long pushed for clearer rules to gain mainstream acceptance. Industry advocates believe the law will legitimize stablecoins, attract traditional financial institutions, and accelerate adoption across broader markets. The legislation could also benefit Trump personally, as his sons launched a company last year that now issues a stablecoin.

In addition to the stablecoin vote, the House will consider two other crypto-related measures next week: one that would restructure regulatory oversight of digital assets, and another that seeks to block the creation of a U.S. central bank digital currency (CBDC). The House Rules Committee will meet Monday at 4 p.m. to review the proposals, likely setting up a floor vote as early as Tuesday.

A previous push by House Republicans to combine all three crypto bills into one package to pressure the Senate was ultimately abandoned. That effort collapsed after GOP senators — with Trump’s backing — insisted on advancing the GENIUS Act independently. Senate Republicans have pledged to take up a separate market structure bill in September.

Although the House plans to pass the Senate version of the GENIUS Act without changes for now, lawmakers haven’t ruled out future revisions. A revised draft of House Financial Services Chair French Hill’s broader crypto bill, released Thursday by the Rules Committee, includes proposed amendments to the GENIUS Act. These include updated accounting rules, permission for stablecoins backed by commodities, and an extension of approval requirements for stablecoin issuance to private non-financial firms — not just public ones.