Étienne Girard
U.S. President Donald Trump announced late Tuesday that a critical vote on the GENIUS Act will take place early Wednesday morning, marking a pivotal moment in the effort to regulate stablecoins in the United States.
“I’m in the Oval Office with 11 of the 12 needed Representatives. After a brief discussion, they’ve all agreed to support the Rule vote tomorrow,” Trump wrote on Truth Social.
According to the President, House Speaker Mike Johnson also committed to scheduling the vote “as early as possible.”
GENIUS Act Gains Momentum After Initial Rejection
Just hours earlier, the House had rejected a procedural motion to advance several key bills tied to digital assets — including the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act and the Digital Asset Market Clarity (CLARITY) Act — with a 196–223 vote. This week had been branded “Crypto Week” due to the anticipated debate around these high-stakes proposals.
The GENIUS Act, which has already cleared the Senate, aims to solidify regulatory standards for U.S. dollar-backed stablecoins, including:
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100% reserve backing in dollars or liquid equivalents
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Mandatory annual audits for issuers with more than $50 billion in market capitalization
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Structured guidelines for issuance by foreign entities
Trump has made it clear that he sees stablecoins as essential to preserving U.S. dollar dominance on the global stage. He has repeatedly emphasized his desire to sign the GENIUS Act into law before August.
House Reschedules Key Crypto Votes
Following Trump’s announcement, House Majority Leader Steve Scalise released an updated voting schedule. The new timetable sets votes for the GENIUS Act, CLARITY Act, and Anti-CBDC Act to begin around 12:20 p.m. ET on Wednesday.
The rapid shift in momentum highlights the growing influence of digital assets in Washington — and Trump’s personal involvement appears to be a deciding factor.
