Donald Trump has urged the U.S. House of Representatives to approve the GENIUS Act as soon as possible and not to make any amendments. The bill, that will make the U.S. a global leader in stablecoin innovation, was recently passed by the Senate with a bipartisan majority.
In a Truth Social post shared on X, Trump praised the Senate’s decision and stressed the importance of passing a “clean” version of the bill. “Get it to my desk, ASAP – NO DELAYS, NO ADD ONS,” he wrote. He believes the GENIUS Act will help make the U.S. the undisputed leader in digital assets.
The GENIUS Act short for Guiding and Establishing National Innovation for US Stablecoins seeks to provide clear rules for stablecoin issuers. It now heads to the House for final approval.
If passed without changes, it goes straight to Trump’s desk for signature. Any amendments, however, would send it back to the Senate, slowing the process.
There are concerns that the House might try to merge it with its version of the bill, the STABLE Act, but the White House has shown stronger support for GENIUS.
The Senate’s passage has already sparked market excitement. Circle stock surged 30%, and both Tether and Ripple quickly minted new stablecoins. Industry giants like Coinbase and Gemini praised the move.
Trump has consistently backed stablecoins as a way to maintain U.S. dollar dominance. With the GENIUS Act, he aims to lock in America’s leadership in digital finance.
Also Read: Ripple Mints Another 10 Million RLUSD as Senate Passes GENIUS Act
