TradingKey – The U.S. House of Representatives has officially declared the week of July 14 as “Crypto Week”, during which lawmakers will vote on the GENIUS Act, a landmark bill aimed at regulating U.S. dollar-backed stablecoins.

If passed, the bill will be sent to President Donald Trump for final approval. Trump has already urged Congress to deliver the legislation to his desk before August, calling it a cornerstone of his digital asset agenda.

The GENIUS Act — short for Guiding and Establishing National Innovation for U.S. Stablecoins — lays out a comprehensive framework for the issuance, circulation, redemption, and investor protection of stablecoins. It’s widely seen as a move to reinforce the dollar’s dominance in global finance while boosting stablecoin-related equities.

One clear beneficiary has been Circle (CRCL), whose stock has surged since its IPO in June, fueled by optimism around regulatory clarity and institutional adoption. Circle jumped 10% on Monday.

Although the House had previously advanced its own version — the STABLE Act, the Trump administration and key White House officials have thrown their support behind the GENIUS Act. Bo Hines, White House advisor on digital asset policy, stated that we hope to see the GENIUS Stablecoin Act passed into law.

If enacted, the bill could unlock a new wave of growth for the stablecoin sector and reignite investor interest in related stocks.