#GENIUS Act Passes Senate as Trump Demands House Speed


The Senate approved the GENIUS stablecoin legislation with bipartisan backing on Tuesday.


President Trump posted on Truth Social, urging the House to move "LIGHTNING FAST" on the bill.


Trump demanded lawmakers send him a "clean" version without delays or additions.


The legislation establishes regulatory frameworks for dollar-pegged #cryptocurrencies, including full backing requirements.


#Stablecoin issuers with market caps above $50 billion would face mandatory annual audits.


Trump previously set an August deadline for stablecoin legislation to reach his desk.


The House Financial Services Committee has its own #STABLE Act that may complicate proceedings.


#Trump called digital assets "the future" and promised the bill would make America the "undisputed leader" in the space.

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June 19, 2025 at 1:19 PM
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