House sends bill regulating stablecoins, a type of cryptocurrency, to Trump
July 17, 2025
The House has passed two bills intended to boost the legitimacy of the cryptocurrency industry with new regulations as President Donald Trump has pushed to make the U.S. the “crypto capital of the world.” One of the bills would regulate a type of cryptocurrency called stablecoins. It has already passed the Senate with broad bipartisan support and will now head to Trump’s desk. The other bill is broader legislation to create a new market structure for cryptocurrency through the Securities and Exchange Commission and Commodity Futures Trading Commission. It now moves to the Senate.
