- David Sacks confirms that crypto legislation is now the Trump administration’s next big focus after recent policy wins.
- The GENIUS Act, backed by the US Senate, introduces the first federal framework for stablecoins.
- The CLARITY Act, aimed at defining digital asset rules, awaits a full vote in the House.
White House AI and crypto czar David Sacks has confirmed that cryptocurrency legislation is now a top priority for the Trump administration. On July 4, Sacks announced via Twitter that President Trump and congressional leaders secured key victories in what he called “One Big Beautiful Bill.”
The legislative package included major wins on border security, tax cuts, welfare reform, and deregulation. Sacks praised the success and immediately shifted attention to the next agenda, which centers on advancing key crypto-related bills through Congress.
Sacks stated that the House is to start its so-called Crypto Week on July 14. He said the GENIUS Act is headed to the Presidential desk, and the CLARITY Act is now making its way into the Senate.
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Backed by 68 votes in favor and 30 against, the US Senate passed the GENIUS Act, presenting the first national proposal to establish a stablecoin framework based on the US dollar.
It grants the US Treasury the power to supervise stablecoin makers, such as banks, financial technology companies, and payments providers.
Once implemented, the law will give licensed institutions permission to issue regulated digital payment tokens. Its proponents argue that it will create a transparent business environment and safeguard consumers in the online financial arena.
Administration Pushes Forward With GENIUS and CLARITY Acts
While the GENIUS Act moves toward final approval, attention now shifts to the CLARITY Act. The bill was introduced to the House on May 29 and advanced through committee review on June 10.
It aims to establish the regulatory framework for digital assets, such as token types and changing transactions. This will bring clarity to the market players and better protect investors within the crypto environment.
Legislators predict that the CLARITY Act will, similarly to the GENIUS one, pass on a wide-reaching bipartisan basis. Cumulatively, these bills build the administration’s digital asset policy.
Signaling its ambition to lead the global digital asset space, the Trump government has pushed forward two key bills seen as critical to achieving that goal.
With the GENIUS Act nearing final approval and the CLARITY Act awaiting House action, crypto regulation now leads the administration’s policy efforts.
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