#StablecoinLaw Thanks to a vote of 215-211, the House of Representatives agreed to move forward with the National Stablecoin Innovation and Regulatory Act (GENIUS), which establishes federal oversight of stablecoin issuers and could reach President Donald Trump's desk by the end of the week. The lawmakers also passed the Digital Asset Market Transparency Act, which creates comprehensive regulations for the cryptocurrency market and clarifies the roles of both the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), along with a provision that prohibits the Federal Reserve from issuing central bank digital currencies (CBDCs) directly to individuals. None of the Democratic representatives supported progressing the measures, following a tense procedural vote earlier that initially stalled the effort on Tuesday.