US President Donald Trump has thrown his weight behind the Senate Stablecoin bill, called it “pure genius” and urged the house to pass it “lightning.”
According to his truth Social Post “, the Senate” has just approved an incredible bill “that will make the United States” the undisputed leader within digital assets. “He left no room for tweaks or delays and insisted on “No delays, no additions.”
Trump is rapidly approving approval
Based on reports, Trump wants a “clean” version of the guidance and establish national innovation for us Stablecoins (Genius) law to sail through the house.
He warned members as congressman French Hill to change the Senate text or trap it in a larger crypto package. The Senate approved the bill one day before his service and set a clear deadline: get it to my desk “ASAP.”
House is facing important choice
Representatives weigh two paths. They can approve the Senate proposal that is or merge it with a wider set of Crypto rules. French Hill and other house republicans supported a similar measure in April, but this version has important differences in reserve requirements and registration steps.
Some worry that a standalone vote could undermine efforts to handle token securities, defi and exchange monitoring at once.
The Senate is looking for early profits
Senator Bill Hagerty, the Bill Sponsor, told reporters that he hopes to send the genius document to Trump before July 4. He warned that if the house adds “market structure” language, the whole package would have to return for more senate review.
Months with tough conversations in the upper chamber secured narrowly enough GOP support – and some democratic votes – to approve the legislation below 60 -voting thresholds.
Image: Mudrex
Competition with other jurisdictions
According to industry experts, clear US rules can help Stablecoin issuers such as Circle and Paxos avoid a patchwork of state licenses. The EU, Singapore and Hong Kong are already preparing their own frameworks. Without rapid action, these companies can move abroad and take bank band and talent with them.
Based on reports from crypto Groups, lobbyists have increased calls for federal clarity. Some warns that bite bills can leave gaps in reserve audits or consumer protection. Others claim that a narrow Stablecoin team is better than none – and can pave the way for broader reforms later this year.
Image from Unsplash, charts from TradingView
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