The White House has confirmed that two major cryptocurrency bills backed by President Donald Trump are on track to be finalized by September 30. The GENIUS Act and CLARITY Act, each addressing critical areas of digital asset regulation, are now moving swiftly through the legislative process.
AI and Crypto Czar David Sacks has provided a road map of the bills, and he told The Verge that the month of July will be extra important. There is the GENIUS Act, which concentrates on stablecoin structure, and it is supposed to get to the bill-signing level.
In the meantime, the CLARITY Act, which focuses on establishing market structure rules, will be referred to the Senate.
Senate Banking Committee Chair Tim Scott and Digital Assets Subcommittee Chair Cynthia Lummis are trying to coordinate efforts to meet the deadline. Both legislators confirmed that the agenda will involve introducing the bills before the August recess and markup early in September, both to be finalized by the end of the month.
The bills have gained some political steam because of President Trump and have a better chance of passing even with partisan divisions elsewhere. This nod by the administration also marks a shift around the country to consider cryptocurrency as an essential component of the financial system.
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Federal Housing Moves Signal Broader Crypto Adoption
The push for crypto legislation coincides with new guidance from the Federal Housing Finance Agency. FHFA Director Pulte announced that Fannie Mae and Freddie Mac must begin treating crypto holdings as valid assets in mortgage applications.
After months of internal review, the agency concluded that digital assets could be included in mortgage underwriting. This step coincides with Trump’s appeal to make America the pioneer in crypto adoption and creates new opportunities for digital wealth consumers.
Coinbase CEO Brian Armstrong applauded the lawmaking process and the White House’s interest. He also appreciated the involvement of bipartisan congressional leaders in ensuring that clear schemes had started to be pursued after many years of confusion in the sector.
With the policy changes now hitting not only the regulatory frameworks but also the approach to house (federal) standards, the U.S. is ready to accept crypto into mainstream finance. A combination of the changes in legislation and the governmental agency indicates that it is not impossible that digital assets will soon be recognized as legitimate financial tools on the national level.
With clear White House backing and fast-tracked legislative timelines, the United States is preparing to formally embrace crypto regulation. The next three months could reshape how digital assets are recognized, regulated, and used across the country.
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