Donald Trump Urges U.S. House to Send the GENIUS Act to His Desk “ASAP”
Highlights
- Donald Trump is pushing for a swift passage of GENIUS Act in the U.S. House of Representatives.
- Trump says the incoming stablecoin legislation will put the U.S. at the fore in digital assets.
- Changes to the bill in the U.S. House will lengthen the entire process before the bill gets to Trump's desk.
President Donald Trump has praised the U.S. Senate for passing the GENIUS Act, calling it a step in the right direction for U.S. digital asset dominance. He is now turning his attention to the House of Representatives, pushing for a “lightning-fast” passage of the stablecoin bill without any changes to the Senate’s version.
“Pass a Clean GENIUS Act,” Says Donald Trump
Trump expressed enthusiasm over the Senate’s passage of the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act. In a Truth Social post shared on X, Trump stated that the bill would make the U.S. the “undisputed leader in digital assets.”
Despite its bipartisan approval in the Senate, the GENIUS Act must still pass through the House before becoming law. Trump is urging the House to approve the bill without delay or amendments to speed up its enactment.
“The House will hopefully move LIGHTNING FAST and pass a ‘clean’ GENIUS Act,” said Trump. “Get it to my desk, ASAP — NO DELAYS, NO ADD-ONS.”
If the House passes the GENIUS Act without changes, it will go directly to President Trump for final approval. However, any amendments would send the bill back to the Senate for reconciliation, potentially delaying its passage.
There are concerns that the House may attempt to merge the GENIUS Act with the STABLE Act, its own version of a comprehensive stablecoin framework. The White House has previously indicated its preference for the GENIUS Act over the STABLE Act.
Putting the U.S. at the Forefront of Digital Asset Innovation
The bill’s historic passage is already delivering benefits to key players in the digital asset space. Just hours after the Senate vote, Circle’s stock surged by 30%, reaching a new all-time high amid growing market optimism.
In addition to Trump, companies like Ripple, Coinbase, and Gemini applauded the Senate for passing the bill, emphasizing its potential to position the U.S. as a global leader in digital finance. The GENIUS Act promises legal clarity for stablecoin issuers and aims to reduce the regulatory uncertainty that often drives innovation overseas.
Buoyed by the development, Tether minted 1 billion USDT on Ethereum, while Ripple capitalized on the momentum by minting 10 million RLUSD.
Trump has previously stated that stablecoins will play a key role in maintaining the U.S. dollar’s global dominance, with the GENIUS Act offering essential regulatory guidance.
- Michael Saylor Predicts Bitcoin Will Outperform S&P 500 Forever
- Crypto Market Eyes Upside as FTX Set to Repay $1.6B to Customers
- Elon Musk’s X Vows Crackdown on Bribery Network Behind Crypto Scam Accounts
- Flare Unveils First XRP-Backed Stablecoin, Boosting XRP’s Utility
- MLP Bets Big on Climate Change: Favours Play-To-Impact, Over Play-To-Earn
- Chainlink Price Prediction: Whales Scoop 2M LINK as Analysts Eye 184% Breakout Rally
- Shiba Inu (SHIB) Price Prediction: Massive SHIB Burn and 80-Week Cycle Mirroring Past Rallies: Will History Repeat?
- Cardano Price Stays Above Ichimoku Cloud as Grayscale ADA ETF Approval Nears
- HBAR Price Prediction as SEC Approves Generic ETF Framework – Analyst Targets $1.80
- Toshi Coin Gains 57% in One Day: What’s Driving the Sudden Upside?
- Shiba Inu Price Set to Soar as Exchange Reserves Dive Amid SHIB ETF Chatter
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
