Trump is expected to achieve his first significant legislative victory in monetary policy regarding Crypto Assets next week.

On July 11, according to Politico, Trump is expected to achieve his first major legislative victory on monetary policy regarding Crypto Assets 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 GENIUS Act early next week. This bill aims to create the first regulatory framework for so-called "stablecoins" pegged to the U.S. dollar. The bill was passed in the Senate last month with bipartisan support and is expected to become the first significant regulatory measure for Crypto Assets adopted by the U.S. Congress. Trump's signing of this stablecoin bill could provide significant momentum for the Crypto industry, which has long struggled to enter the mainstream. Supporters of Crypto Assets hope that the endorsement from the U.S. government, along with the customized regulatory framework they have actively lobbied Congress for over the years, will enhance the legitimacy of Crypto Assets, promote their adoption, and open doors for Financial Institutions to further engage in digital assets. This legislation could also bring Favourable Information to the Trump family itself: his sons founded a stablecoin issuing company last year.