US Bid to Become Crypto Capital of the World receives Green Light

Trump administration has prioritized cryptocurrency in a pursuit to make US a leading country of decentralised currency. On Thursday, 17 July 2025, United States House of Representatives passed three bills, which two of the bills were sent to United States Senate, while the remaining one was sent to President Donald Trump directly. These bills were related to cryptocurrency in a bid to regulate it and give it more relevance in its general acceptability. This will probably clothes cryptocurrency with a legal garment when it becomes a full-fledged law and sign it into law, it will then change how the rest of the world adapt to it.

The bill has already been called GENIUS act, in a world of digital evolution, where various payment systems are taking place, GENIUS act will change and will give direction especially in protection of consumers and bringing about stability to US dollar. Cryptocurrency is not relatively new, but what has become a puzzle surrounding is its acceptability and having legal backing, this is where countries are at crossroads. These bills that come in parts have different legal structures and how it will be treated, having passed by House of Representatives, US Senate will need bipartisan vote for it to scale through.

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These legislations will provide new market shape for cryptocurrency, and give more clearer analysis on how digital assets are regulated, especially in determining what form of cryptocurrency should be treated as commodities regulated by Commodity Futures Trading Commission, which are securities regulated by Securities and Exchange Commission. The bill will prohibit the Senate from offering what’s know as central bank digital economy. When all these legislative hurdles are finalised by the US Senate through bipartisan votes, the world will see cryptocurrency through legislative lenses of United States.

The economic muscles of United States cannot be overemphasised, many countries depend on them for trades and grow their revenues, while the tariff brouhaha has lingered more then it should, and part of the analysis surrounding the cryptocurrency bill is that it will stabilise US Dollar and certainly not to phase it out. This legislation could become a gained ground in a time where countries are forming allies and coming together to limit United States influence on global economy. The shady construction of the bill that prohibits Congress men and their families from benefitting from stablecoin wasn’t extended to the President and his family, where they have significant investment in stablecoin.