After years of being stuck in legal limbo, the cryptocurrency world could finally be heading for a major breakthrough in the U.S.—and it’s all happening thanks to a surprising political twist.
With Donald Trump now openly backing digital assets, lawmakers in Washington are gearing up to pass key legislation that could give crypto the mainstream recognition it’s been craving for over a decade.
From Caution to Embrace: A Political Shift
For years, the U.S. government, especially under President Biden, viewed the crypto industry with deep suspicion.
Regulators were wary of its volatility and the risks to everyday investors, often treating it like the Wild West of finance.
But things have taken a dramatic turn since Trump’s return to the political spotlight.
Once skeptical himself, Trump is now all-in on crypto—launching meme coins, crypto ventures, and reportedly earning over $57 million from one of his companies, World Liberty Financial, which he founded alongside his sons.
A Trio of Game-Changing Bills
This week, the House of Representatives is expected to vote on three pivotal bills.
The most closely watched one focuses on stablecoins—a type of cryptocurrency tied to traditional assets like the U.S. dollar or gold.
If passed, it will head straight to Trump’s desk for approval.
The bill, known as the GENIUS Act, would force issuers of stablecoins to hold real-world reserves that match the value of their tokens.
It would also put banking regulators in charge of overseeing stablecoin activity in the country.
What Makes Stablecoins Different?
Unlike traditional cryptocurrencies like Bitcoin or Ethereum, stablecoins are designed to avoid wild price swings.
Because they’re linked to reliable assets, they’re seen as a safer option, especially in countries where local currencies fluctuate drastically. U.S. lawmakers see this as an opportunity to extend the dollar’s reach into the digital world—and possibly make it the go-to stablecoin globally.
Bringing Clarity to a Messy Space
Another bill being debated is the CLARITY Act, aimed at cleaning up the confusion surrounding digital asset regulation.
Right now, no one really knows who should regulate what—the SEC or the CFTC.
The CLARITY Act would draw clear lines between these two agencies when it comes to crypto oversight.
Gerald Gallagher from Sei Labs, a blockchain company, said the proposed bills could be a turning point.
“They give both investors and companies the kind of legal clarity we’ve never had before,” he told AFP. “It’s been a long time coming.”
Fighting Back Against Government Control
But that’s not all. Lawmakers are also looking at a third bill: the Anti-CBDC Surveillance State Act.
This one is aimed at blocking the Federal Reserve from launching a central bank digital currency (CBDC)—essentially a digital version of the U.S. dollar.
Republicans are pushing back hard against the idea, claiming a CBDC could let the government track or even control people’s financial transactions.
They argue it’s a threat to personal privacy and civil liberties.
Trump’s Influence on Crypto Legislation
Trump’s growing involvement in crypto isn’t just symbolic.
He’s placed advocates like Paul Atkins in top roles, including as head of the SEC, and launched the Strategic Bitcoin Reserve, which will audit the federal government’s Bitcoin holdings (many of which were seized in criminal cases).
These moves have rallied his supporters and fueled momentum for crypto legislation that once seemed impossible.
With his backing, it’s increasingly likely that at least one of the new crypto bills could become law before the year is out.
A Pivotal Moment for Crypto in America
If all goes according to plan, these legislative changes could reshape the future of digital currencies in the U.S., finally bringing legitimacy to an industry long stuck on the fringes.
And with Trump leading the charge, the crypto world is watching Washington more closely than ever.