TL;DR
- Polymarket users now put a 90% chance of the GENIUS Act passing into law after a 68–30 Senate vote and Trump’s pledge to sign it “with no add-ons.”
- The betting frenzy underscores crypto traders’ belief that once enacted, the bill will green-light Big Tech (Apple, Google, Meta) to launch regulated stablecoins.
- Meanwhile, the companion CLARITY Act advances in the House, aiming to codify digital-asset oversight and cement a U.S.-led boom in blockchain innovation.
Polymarket has pinned a 90% probability of the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act becoming law. This high-stakes wager comes hot on the heels of a decisive 68–30 Senate vote and a public push from former President Donald Trump to “get it to my desk.” With speculators pouring capital into the market, the crypto world is abuzz about what a stablecoin-friendly future might hold.
Crypto Community Rallies Behind Stablecoin Bill
Following its launch approximately 18 hours after the Senate gave its approval, Polymarket has experienced strong trading activity, highlighting significant enthusiasm from crypto fans.
Numerous participants see the GENIUS Act as a pivotal moment: if it becomes law, it may allow major tech companies to receive approval to create their own regulated stablecoins. For traders, the platform’s odds reflect not just a bet on legislation but a broader wager on the pace of mainstream crypto adoption in the United States.
Trump’s Support Heats Legislative Fire
To keep the momentum going, Donald Trump announced that he plans to sign the GENIUS Act “without any additions” if the House approves it quickly. His endorsement injects fresh urgency into the legislative process, especially as Republicans hold a slim majority in the lower chamber.
Lawmakers are now tasked with guiding the bill through committee stages, negotiating changes, and reconciling differing opinions on digital asset regulation.
Tech Titans Poised to Enter the Stablecoin Arena
Rumors are swirling that Apple and Google have drawn up internal blueprints for proprietary tokens, positioning themselves to capitalize on a new regulatory framework. Even Meta has fielded questions from skeptical senators about its stablecoin aspirations.
If the bill sails through the House intact, the floodgates could open for corporate-issued digital dollars, transforming payment rails and reshaping competition in fintech.
CLARITY Act and Beyond
Meanwhile, the Digital Asset Market Clarity (CLARITY) Act is advancing through House committees, aiming to clarify regulatory responsibilities over digital assets. Backers say it will complement the GENIUS Act by establishing a coherent structure for crypto markets. Together, these twin bills could set the stage for a U.S.-led renaissance in blockchain innovation, one where regulated stablecoins and clear rules drive the next chapter of Web3.
