Polymarket Signals Strong Confidence in GENIUS Act Passing
According to prediction platform Polymarket, there’s currently an 89% chance that the GENIUS Act (Guiding and Establishing National Innovation for US Stablecoins) will become law by 2026. This forecast follows the bill’s strong showing in the US Senate, where it passed in a 68-30 vote earlier this week.
The market was launched approximately 18 hours after the Senate vote, reflecting growing optimism among crypto stakeholders and political analysts that the US is moving closer to clear regulatory frameworks for stablecoins.
Next Stop: House of Representatives
The bill now moves to the House of Representatives, where uncertainty still lingers. While the Republicans hold a slim majority, internal debates and the potential for amendments could delay progress. Notably, a proposed amendment related to Trump’s crypto ties, including his association with USD1 stablecoin from World Liberty Financial, was voted down in the Senate. However, concerns over influence and transparency may resurface in House discussions.
Trump’s Public Push for Swift Action
Former President Donald Trump has publicly voiced support for the GENIUS Act, urging lawmakers to “get it to [his] desk” quickly and without additional provisions. His stance could influence GOP members, especially with the upcoming floor vote on the CLARITY Act, a parallel legislative effort aimed at defining crypto regulatory responsibilities.
What the GENIUS Act Could Mean for US Stablecoins
If enacted, the GENIUS Act could pave the way for major US firms to issue their own stablecoins. Tech giants such as Apple and Google have reportedly explored tokenization for internal and consumer payments. Additionally, two senators have sent inquiries to Meta, probing whether the company may revive its stablecoin ambitions under the new law.
The bill’s passage would mark a milestone in US crypto regulation, bringing legal clarity and institutional confidence to stablecoin issuance and usage within domestic markets.
Conclusion
With strong momentum in the Senate and growing pressure from political leaders and the private sector, the GENIUS Act appears poised to reshape the US digital payments landscape. As the House prepares for debate, all eyes remain on whether the final form of the bill can maintain support and avoid disruptive amendments.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.