Crypto News

Donald Trump Urges U.S. House to Send the GENIUS Act to His Desk “ASAP”

Published by

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.

Share
Aliyu Pokima

Aliyu Pokima is a seasoned cryptocurrency and emerging technologies journalist with a knack for covering needle-moving stories in the space. Aliyu delivers breaking news stories, regulatory updates, and insightful analysis with depth and precision. When he's not poring over charts or following leads, Aliyu enjoys playing the bass guitar, lifting weights and running marathons.

Published by

Recent Posts

  • Crypto News

Metaplanet CEO Considers Share Buyback to Maximize Bitcoin Yield as mNAV Falls to 0.90

Asia’s largest Bitcoin treasury Metaplanet may consider share buybacks to boost BTC yield, CEO Simon…

June 9, 2026
  • Crypto News

H Token Crashes 90% as Humanity Protocol Suffers Over $30M Private Keys Hack

H token crashed 90% today after Humanity Protocol suffered a major security breach after private…

June 9, 2026
  • Crypto News

Breaking: OpenAI Confirms Confidential Filing For IPO Amid SpaceX, Anthropic Buzz

On Monday, June 8, OpenAI confirmed it has confidentially filed S-1 draft with the SEC…

June 9, 2026
  • Regulation News

US House To Discuss Crypto Tax Reforms Amid CLARITY Act Momentum

In the current week, the U.S. House will return to the issue of crypto tax…

June 9, 2026
  • Regulation News

FTX Founder SBF Eyes Presidential Pardon From Trump Over 2022 Fiasco

Former FTX CEO Sam Bankman-Fried has officially requested a presidential pardon from Donald Trump. With…

June 8, 2026
  • Crypto News

CLARITY Act: Ripple, Coinbase, & Over 200 Crypto Firms Push Senate for Floor Vote

More than 200 crypto firms and organizations, including Coinbase and Ripple, signed a letter urging…

June 8, 2026