“Around the world, payment systems are undergoing a revolution,” said House Financial Services Chair French Hill of Arkansas as lawmakers debated the stablecoin legislation Thursday morning. Hill said the bill will “ensure American competitiveness and strong guardrails for our consumers.”

Technology Technology   The Big Story Trump seals the deal on stablecoin bill President Trump signed the first major cryptocurrency bill into law Friday, marking a key

The measure, which passed the U.S. House with broad bipartisan support after clearing the Senate, is now on track to become law. President Trump lobbied Republicans to support it.

Democrats have also raised concerns that the legislation opens the door for major corporations to issue their own private cryptocurrencies.

The GENIUS Act, which will give the green light to banks interested in stablecoins, but which has also raised fears that it will disintermediate the banking system, will go straight to President Donald Trump's desk once it passes the full House vote later today.

House conservatives tanked a procedural floor vote Tuesday afternoon to advance a trio of cryptocurrency bills and the fiscal 2026 Defense spending measure, throwing the fate of multiple Republican legislative priorities into limbo.

Three cryptocurrency bills and the Defense spending bill appeared ready for House floor action after stalling out for much of Tuesday.