Key Takeaways The House passed the GENIUS Act, creating the first federal framework for U.S.-pegged stablecoins. GLXY jumped 6.9% as investors responded to stronger oversight and clarity for stablecoin issuers. RIOT and HOOD also gained as crypto markets surged on regulatory momentum and investor optimism.The U.S. House of Representatives passed the GENIUS Act on July 17, 2025, sending it to President Trump’s desk, where it is expected to be signed into law. This landmark legislation establishes the very ...