Urgent: Trump Demands House Pass GENIUS Stablecoin Bill “ASAP”
The world of cryptocurrency is buzzing with news directly from the top. Former US President Donald Trump is making headlines again, this time pushing hard for a significant piece of **US crypto legislation**: the GENIUS Act, specifically targeting stablecoins. His message? Get it done, and get it done fast.
Trump Pushes for Swift Passage of **Trump Stablecoin Bill**
Donald Trump has issued a clear and urgent call to action regarding the Guiding and Establishing National Innovation for US Stablecoins Act, known as the GENIUS Act. Following the bill’s passage in the Senate, Trump took to Truth Social to express his strong support and demand swift action from the House of Representatives.
In his post, Trump praised the Senate’s passage of the bill, stating it will make America the “UNDISPUTED Leader in **Digital Assets**.” He then directed his message to the House, urging them to pass the bill “LIGHTNING FAST.” His directive was unambiguous: “Get it to my desk, ASAP — NO DELAYS, NO ADD ONS.”
Understanding the **GENIUS Act** and its Significance
The GENIUS Act is seen by many proponents as a crucial step for the United States to maintain its position in the global financial landscape, particularly regarding the dominance of the US dollar. Senator Bill Hagerty, the bill’s sponsor, highlighted its potential benefits, including allowing businesses and individuals to settle payments much faster than traditional methods.
Key aspects proponents point to:
- Aims to solidify US leadership in the growing digital asset space.
- Focuses specifically on providing a regulatory framework for stablecoins.
- Promises faster payment settlements for businesses and individuals.
- Could help reinforce the global role of the US dollar in digital finance.
The bill’s journey hasn’t been entirely smooth. It initially faced challenges, including a failed cloture vote in the Senate earlier in the year, partly due to opposition linked to Trump’s connections within the crypto industry.
The Path Ahead: House Vote and **Stablecoin Regulation**
With the Senate having passed the GENIUS Act with a 68-30 vote, the focus now shifts to the House of Representatives. Republicans hold a slim majority there, which could influence the bill’s passage. The urgency expressed by Trump puts additional pressure on House members to bring the bill to a vote quickly.
The push for this legislation underscores the increasing recognition of stablecoins’ importance in the financial system. Effective **stablecoin regulation** is viewed by many as necessary to foster innovation while ensuring consumer protection and financial stability. The outcome of the House vote and Trump’s potential signing of the bill will mark a significant moment for crypto regulation in the United States, potentially setting a precedent for how other **digital assets** are treated legally and financially moving forward.
Summary: Trump’s Clear Message on **US Crypto Legislation**
Donald Trump is clearly prioritizing the passage of the GENIUS stablecoin bill, viewing it as essential for US leadership in digital assets. His demand for the House to pass it “ASAP” signals a strong political will behind this specific piece of **US crypto legislation**. The upcoming House vote will be a critical next step in determining the future of stablecoin regulation in the United States and could significantly impact the broader digital asset market.
