Stablecoin Bill Passage Boosts Crypto-linked Stocks, Paving Way for US to Become Crypto Capital.

Congress has passed the Stablecoin Bill, boosting crypto-linked stocks. Bo Hines, Executive Director of the President's Council of Advisers for Digital Assets, says this regulatory win will make the US the crypto capital of the world.

Congress has passed a significant bill aimed at regulating stablecoins, a type of cryptocurrency pegged to a stable asset such as the U.S. dollar. The passage of the bill, known as the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act, has sparked a rally in crypto-linked stocks, with shares of companies like Coinbase Global, Robinhood, Block, and Circle rising significantly.

The GENIUS Act establishes a regulatory framework for stablecoins, requiring issuers to collateralize each coin 1:1 with low-risk assets and implement strict anti-money laundering controls [3]. This legislation is seen as a major step towards legitimizing the cryptocurrency industry and boosting consumer trust [2].

The bill has bipartisan support, with both Democrats and Republicans backing the legislation. However, it has faced some pushback, with Democrats raising concerns about potential long-term financial risks and the possibility of major corporations issuing their own private cryptocurrencies [2].

The passage of the GENIUS Act is expected to significantly impact the stablecoin market, which is currently valued at around $240 billion and projected to grow to $1 trillion or more in the coming years [1]. The bill is also part of a broader effort to create a new market structure for cryptocurrencies and prohibit the Federal Reserve from issuing a central bank digital currency [2].

Bo Hines, Executive Director of the President's Council of Advisers for Digital Assets, has hailed the passage of the bill as a monumental victory for the cryptocurrency industry. He stated that the GENIUS Act will secure the sovereignty of the dollar, unlock innovation, and establish the United States as a permanent leader in the future of digital finance [3].

The bill is expected to be signed into law by President Donald Trump, who has promised to make the U.S. the "crypto capital of the world" [3]. The passage of this legislation marks a significant milestone in the U.S. government's approach to cryptocurrencies and could pave the way for further regulatory developments in the industry.

References:
[1] https://www.marketscreener.com/news/crypto-assets-rally-after-industry-reaches-milestone-with-passage-of-first-major-bill-ce7c5cdede8eff20
[2] https://spectrumlocalnews.com/nc/mountain/politics/2025/07/17/trump-congress-cryptocurrency-regulations-stablecoins
[3] https://en.bitcoinsistemi.com/white-house-cryptocurrency-executive-bo-hines-announced-trump-will-sign-the-decision-that-will-change-the-fate-of-cryptocurrencies-today/