In brief
- Trump has urged the House to pass the GENIUS Act without delay or amendments.
- The bill would create a framework for issuing and trading stablecoins in the U.S.
- But critics have raised concerns over White House crypto ties and conflicts of interest.
U.S. President Donald Trump is urging lawmakers in the House of Representatives to move quickly to pass the GENIUS Act, a stablecoin-focused bill that cleared the Senate in a 68-30 vote on Tuesday.
The legislation, which would establish a federal framework for the issuance and trading of stablecoins, was described by Trump as “incredible” and a path to making “America the UNDISPUTED Leader in Digital Assets.”
“The House will hopefully move LIGHTNING FAST, and pass a ‘clean’ GENIUS Act….
Jun 19 2025
