The US House of Representatives voted narrowly on Wednesday to resume its push on a slate of high-profile cryptocurrency bills, reviving what Republican lawmakers have dubbed “Crypto Week” after the initial attempt to advance the legislation collapsed earlier in the week.

Lawmakers voted 215 to 211 to advance the Guiding and Establishing National Innovation for US Stablecoins Act — or GENIUS Act — which establishes a regulatory framework for US dollar-pegged stablecoins and has already cleared the Senate.

If passed in the House later this week, the bill would head to President Donald Trump’s desk for his signature.

In a separate vote, the House also agreed to move forward with the Digital Asset Market Clarity Act, commonly referred to as the Clarity Act, which would delineate regulatory responsibilities between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) for overseeing digital assets.

A bill aimed at blocking the Federal Reserve from issuing a central bank digital currency (CBDC) directly to individuals will also move to a final vote.

Tuesday’s vote collapsed amid GOP defections

The successful Wednesday votes marked a recovery for Republican leadership after Tuesday’s unexpected setback, when the House voted 196 to 223 against even considering the three bills.

That vote saw a bloc of Republicans defect over concerns about the CBDC provisions in the GENIUS Act.

According to reporting from The Hill, GOP Reps. Marjorie Taylor Greene, Chip Roy, Michael Cloud, and Anna Paulina Luna were among those who voted no.

Greene cited lingering concerns that the GENIUS Act might provide a legal foundation for the Fed to roll out a digital dollar — a claim that has been denied by the bill’s authors.

Following the failed vote, President Trump intervened directly, telling reporters late Tuesday that “key lawmakers” had agreed to support the bill.

His comments were widely interpreted as helping to unify GOP ranks ahead of Wednesday’s procedural votes.

Democrats oppose measures, call them dangerous

No Democrats supported moving forward with any of the bills, setting the stage for a partisan showdown as the legislation moves toward final passage votes.

In a press conference earlier on Wednesday, House Financial Services Committee ranking member Maxine Waters warned that both the GENIUS and Clarity Acts would dangerously deregulate the crypto sector.

“These bills are a gift-wrapped invitation for Trump to continue his full-scale crypto con,” Waters said, calling the legislation “two of the most dangerous pieces of legislation” proposed during the current session.

Democrats have also voiced concerns that the bills would undermine consumer protections and erode the Fed’s authority, especially as Republicans seek to ban the issuance of a Fed-backed digital dollar.

The post US House revives Crypto Week agenda, advances three crypto bills appeared first on CoinJournal.

US House revives Crypto Week agenda, advances three crypto bills

Source: https://coinjournal.net/news/us-house-revives-crypto-week-agenda-advances-three-crypto-bills/

Chainlink’s LINK token is among the few across the crypto market to trade green on Thursday morning as it rides optimism around the GENIUS Act.

LINK price hovered around $13.16 at the time of writing, up 1% in the past 24 hours.

This comes as various industry players laud the US Senate for passing a landmark stablecoin bill.

President Donald Trump has now urged House lawmakers to swiftly pass the legislation, posting on Truth Social: “Get it on my desk ASAP!”

The bill, which cleared the Senate on Tuesday, aims to regulate dollar-pegged stablecoins, cementing their role in the digital economy.

Investors see Chainlink’s infrastructure as pivotal to this shift, a scenario that could boost LINK’s price.

Trump lauds Senate on GENIUS Act

On Tuesday, the US Senate passed the GENIUS Act with a 68-30 vote, a historic win for the crypto industry.

The legislation, officially the Guiding and Establishing National Innovation for US Stablecoins Act, establishes federal guardrails for stablecoins, ensuring full reserve backing, monthly audits, and anti-money laundering compliance.

Trump praised the Senate’s move, saying, “this is American brilliance at its best”.

Crypto journalist Eleanor Terrett shared Trump’s post via X.

🚨NEW: A message from the President to the House following the Senate’s passage of the GENIUS Act:

“Get it to my desk ASAP — NO DELAYS, NO ADD ONS.” pic.twitter.com/LMJGKGdbyT

— Eleanor Terrett (@EleanorTerrett) June 19, 2025

The bill now heads to the Republican-controlled House, where bipartisan support is expected, before landing on the President’s desk for signing.

Industry leaders view this as a turning point, opening doors for banks, fintechs, and retailers like Amazon to issue stablecoins.

Why Chainlink?

Stablecoins, with over $250 billion in onchain value, are a cornerstone of crypto.

They are what is enabling near-instant, low-cost global transactions, all around the clock and globally.

As their market is projected to soar into the trillions, robust infrastructure is critical for trust and scalability.

Chainlink, a decentralized oracle network, is uniquely positioned to meet these demands.

Chainlink co-founder Sergey Nazarov stated,

“Chainlink is the only platform that provides proof of reserves and cross-chain connectivity in one system.”

Nazarov emphasized that US stablecoin regulation will drive global growth, raising transparency and interoperability standards.

Stablecoin regulation in the US will kick off a wave of new stablecoins in the US and all over the world. They will all need proof of reserves and cross-chain connectivity to be used as a source of payment for the growing digital asset economy and tokenized funds.

Chainlink is…

— Sergey Nazarov (@SergeyNazarov) June 17, 2025

Chainlink’s Configuration Runtime Environment (CRE) allows issuers to manage reserves, compliance, and cross-chain transfers seamlessly, making it a go-to solution.

With partnerships like World Liberty Financial’s USD1 stablecoin already leveraging Chainlink’s Cross-Chain Interoperability Protocol (CCIP), the platform’s role is expanding.

Chainlink (LINK) price

The outlook for stablecoins in the US is bullish for LINK’s price.

As stablecoin adoption accelerates, demand for Chainlink’s services could spike, driving token value.

Furthermore, analysts note LINK’s rally on the back of Trump’s election win and WLF endorsement as some pointers to what could happen next.

If the GENIUS Act passes the House, Chainlink’s infrastructure could become critical, potentially pushing LINK higher.

The post Chainlink price up as Trump asks House to “get GENIUS” on his desk ASAP appeared first on CoinJournal.

Chainlink price up as Trump asks House to “get GENIUS” on his desk ASAP

Source: https://coinjournal.net/news/chainlink-price-up-as-trump-asks-house-to-get-genius-on-his-desk-asap/