The U.S. House of Representatives will vote on the GENIUS Act next week, and Trump is expected to achieve his first major legislative victory in cryptocurrency policy

ChainCatcher news, according to Politico, Trump is expected to achieve his first significant legislative victory in cryptocurrency policy next week. House Republicans are preparing to pass a bill previously submitted by the Senate to establish new regulatory rules for stablecoins.

The U.S. House of Representatives is expected to vote on the Senate's proposed "GENIUS Act" early next week. The bill aims to create the first regulatory framework in the U.S. for so-called "stablecoins" pegged to the dollar. The bill was passed in the Senate last month with bipartisan support and is poised to become the first major cryptocurrency regulatory measure adopted by the U.S. Congress.

Trump's signing of this stablecoin bill could provide a significant boost to the cryptocurrency industry, which has long struggled to enter the mainstream. Cryptocurrency supporters hope that the U.S. government's endorsement, along with the customized regulatory framework they have actively lobbied for over the years, will enhance the legitimacy of cryptocurrencies, promote their adoption, and open the door for traditional financial institutions to further engage with digital assets.

This legislation may also bring benefits to the Trump family itself: his sons founded a stablecoin issuance company last year.