On Tuesday, a dozen conservatives sank a procedural vote to advance three crypto bills, including the GENIUS Act, which would establish a regulatory framework for the $250 billion market for stablecoins, a type of cryptocurrency tied to the value of an asset like the U.S. dollar.

In the wake of the scandal, Trump has repeatedly offended key portions of his base who believed his repeat campaign promises to make the details of Epstein’s case public, referring to them as “stupid” and accusing “naive Republicans” of being “duped” by the Democrats.

As 'Crypto Week' comes to an end, here is why the GENIUS bill, which will establish a regulatory framework for stablecoins in the U.S., matters for crypto and the masses.