The GENIUS Act gives stablecoins real legal backing, paving the way for instant payments, lower fees, and a safer digital dollar you can actually trust.

Two of the legislations — the GENIUS Act and the CLARITY Act — were passed with significant bipartisan support.

Bitcoin price, XRP and other cryptos have seen big gains this week. The crypto industry notched its first major crypto regulatory win in the U.S. late Thursday.

The crypto industry has scored a historic win this week after the stablecoin bill was cleared by the U.S. House and set for President Donald Trump’s final approval into law. House lawmakers voted 308-122 to adopt the GENIUS Act.

There would be a great irony if cryptocurrency — which was created in 2008 to provide an alternative to the mainstream financial system that had just failed — led to another economic crash. But that is what a handful of experts fear could happen now that Congress has passed the GENIUS Act, a major piece of crypto legislation.

These assets tend to rally in tandem with ETH during periods of rising market confidence, especially when capital flows into Ethereum Layer 1s and older majors in search of beta.

It also opens the door for crypto to leave the speculative Wild West and move into the financial mainstream. Companies like PayPal, Visa, and BlackRock are already building on blockchain rails. Now, they can do it with a legal framework behind them.