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The GENIUS Act, a landmark bill to regulate stablecoins in the US, could reach President Donald Trump’s desk as early as July 7, with crypto czar David Sacks calling next month a big one for digital assets.
House Republicans are pushing to pass the GENIUS Act alongside the Clarity Act, which defines how different crypto assets should be regulated, and both could be bundled into a single procedural vote, Bloomberg reported, citing people familiar with the matter.
The legislation could reach Trump’s desk as early as the week of July 7, the story said.
Sacks teased the legislative momentum in a June 27 post on X, hinting at a potential GENIUS Act signing and progress on broader crypto rules.
“July will be a big month, with a bill signing for GENIUS, and CLARITY going to the Senate!” he said.
July will be a big month, with a bill signing for GENIUS, and CLARITY going to the Senate!
— David Sacks (@davidsacks47) June 26, 2025
Sacks Says Crypto Will Have Regulatory Clarity By September
The GENIUS Act, formally called The Guiding and Establishing National Innovation for US Stablecoins Act, relates specifically to stablecoins, and establishes rules that issuers in the US will need to follow.
The Clarity Act relates more to the broader crypto market and seeks to define what different types of crypto assets are.
In a post on X yesterday, Sacks said that a crypto market structure bill will be introduced before the August recess, and that the crypto community will finally have long-awaited crypto regulatory clarity by the end of September.
He thanked Banking Committee Chair Time Scott and Digital Assets Subcommittee Chair Senator Lummis for announcing a clear timeline and plan for comprehensive crypto market structure legislation.
Trump Urged “LIGHTNING FAST” Approval Of GENIUS Act
Shortly after the GENIUS Act passed the Senate, Trump took to Truth Social and called for the “LIGHTNING Fast” approval of the bill.
“Get it to my desk, ASAP,” he said. “NO DELAYS, NO ADD ONS. This is American Brilliance at its best, and we are going to show the World how to WIN with Digital Assets like never before!”
Despite Trump’s calls for quick approval, House leaders and Financial Services Committee Chairman French Hill haven’t publicly committed to advancing the bill.
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