Fact-check analysisVerified as of July 17, 2025Curated by FactVerify
Mostly False

US House officially passes 'Genius Act' crypto stablecoin bill.

The US Senate has officially passed the GENIUS Act stablecoin bill, but the US House has not yet passed the final bill; it has only passed a procedural rule to advance debate on the bill.

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Source: factverify.com

At a glance

Key Evidence

Verified July 17, 2025
The reporting

What the Evidence Shows

The input claim states that the US House officially passed the 'Genius Act' crypto stablecoin bill. Breaking down this claim: first, the GENIUS Act is a legislative bill aimed at regulating stablecoins in the US. According to multiple sources, the Senate passed the GENIUS Act in June 2025, marking a significant legislative milestone for the crypto industry.businessinsider.combusinessinsider.comCongress just passed a landmark stablecoin bill. 5 things to know about the...cnbc.comcnbc.comSenate passes GENIUS stablecoin bill, giving crypto industry first major...

However, regarding the House of Representatives, the evidence shows that while the House has passed a procedural rule to advance floor debate on several crypto-related bills including the GENIUS Act, it has not yet passed the GENIUS Act itself into law. The procedural rule vote was close and historic in length but does not constitute passage of the bill. Previous stablecoin legislation had been passed by the House in earlier sessions but not this specific GENIUS Act.

Therefore, the claim that the House officially passed the GENIUS Act is inaccurate; only a procedural step toward debate has been completed. This nuance is important because passing a rule to advance debate is not equivalent to passing a bill. The Senate's passage is confirmed and significant, but final enactment requires both chambers' approval and subsequent signing into law.

Hence, the claim is mostly false as it misrepresents the current legislative status in the House.

Primary trail

Verified Sources4

Congress just passed a landmark stablecoin bill. 5 things to know about the...

businessinsider.com
Open source

Senate passes GENIUS stablecoin bill, giving crypto industry first major...

cnbc.com
Open source

US House officially passes rule to advance GENIUS, Clarity, and Anti-CBDC acts...

cryptobriefing.com
Open source
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