US President Donald Trump has expressed support for the recently Senate-approved GENIUS bill concerning stablecoins, urging the House of Representatives to expedite its passage.
Trump endorses the stablecoin bill
Trump took to Truth Social to characterize the bill as 'pure genius,' stating it was an opportunity to make America a leader in digital assets. He urged for a quick passage of the bill without any changes.
'... Get it to my desk, ASAP — NO DELAYS, NO ADD ONS,' Trump posted.
Tensions in the House of Representatives
Despite backing for the legislation, House Republicans are divided on how to approach the bill. Some are considering making alterations that would require additional negotiations. Trump warns that doing so could weaken their position on other digital asset legislation.
Senators aim for legislative victory
In the Senate, Republicans are also eager to advance the stablecoin bill and send it to Trump for approval. Senator Bill Hagerty, the main sponsor, stated he aimed for the bill to be secured before the Fourth of July.
President Trump actively supports the GENIUS stablecoin bill, emphasizing its importance for the future of digital assets in the US. However, disagreements in the House of Representatives may pose challenges for its swift passage.
