Crypto enthusiasts are placing their bets on the likelihood that new legislation aimed at regulating payment stablecoins will move forward in the United States, following a key Senate vote and vocal support from former President Donald Trump, who said he wants the bill “on [his] desk.”
As of Thursday, Polymarket — a decentralized betting platform — reflects an 89% probability that the GENIUS Act (Guiding and Establishing National Innovation for US Stablecoins) will successfully clear both chambers of Congress and be signed into law before the end of 2025. The market opened roughly 18 hours after the bill cleared the Senate in a 68-30 vote on Tuesday.
There’s still uncertainty around how the bill will fare in the House of Representatives, especially in its current form. Lawmakers might introduce amendments addressing concerns about Trump’s ties to the crypto sector, particularly involving the USD1 stablecoin issued by World Liberty Financial. A similar amendment was rejected in the Senate before the final vote, paving the way for the bill’s move to the House.
If enacted, the bill could significantly broaden the legal framework for American firms to create and use stablecoins for everyday transactions. Reports suggest that tech giants like Google and Apple have shown interest in launching their own digital tokens, and two senators have questioned Meta on whether it plans to re-enter the stablecoin space if the legislation passes.
Next Stop: The House — Then Trump’s Desk?
Trump has indicated he would approve the GENIUS Act “as is,” provided the House advances it quickly. With Republicans holding a narrow majority, a vote could be imminent — not only on the GENIUS Act but also on the CLARITY Act, another bill that seeks to define the roles of US financial regulators in overseeing crypto markets.
While Polymarket’s odds don’t predict legislative outcomes, they do reflect the willingness of crypto users to financially back specific scenarios — in this case, a strong belief that US stablecoin regulation is on the verge of becoming a reality.
For more news, find me on Twitter Giannis Andreou and subscribe to My channels Youtube and Rumble
What is your opinion on this particular topic? Leave us your comment below! We are always interested in your opinion!
