According to Milk Road (@MilkRoadDaily), with Republicans currently holding a 220 to 212 majority in the House of Representatives, there is a 95% chance the GENIUS bill will advance, given it is a GOP-backed initiative. The legislative momentum increases the likelihood of pro-crypto regulatory clarity, which is expected to positively impact digital asset markets if signed into law by Trump. Traders should monitor developments closely, as passage could trigger bullish sentiment for cryptocurrencies, particularly those benefiting from regulatory certainty (source: Milk Road, June 18, 2025).

According to Eleanor Terrett, House Republican @GOPMajorityWhip and Democrat @RepRitchie are collaborating to form the Congressional Crypto Caucus, aimed at promoting crypto-friendly policies in the House of Representatives. This initiative is distinct from the existing Congressional Blockchain Caucus and could potentially impact legislative support for cryptocurrency innovation and market regulations.

According to AltcoinGordon, the Arizona Senate has successfully passed two cryptocurrency reserve bills, which are now progressing to the state's House of Representatives. These bills, if enacted, could establish a legal framework for maintaining cryptocurrency reserves in the state, potentially impacting local trading environments by providing more security and structure. [source: AltcoinGordon]