President Trump is urging House lawmakers to pass stablecoin legislation that cleared the Senate earlier this week without any major additions — a demand that may clash with hopes of tying two key crypto bills together.
“The Senate just passed an incredible Bill that is going to make America the UNDISPUTED Leader in Digital Assets — Nobody will do it better, it is pure GENIUS!” Trump wrote in a post on Truth Social of the GENIUS Act.
“Digital Assets are the future, and our Nation is going to own it,” he continued. “We are talking about MASSIVE Investment, and Big Innovation. The House will hopefully move LIGHTNING FAST, and pass a ‘clean’ GENIUS Act.”
The Senate voted 68-30 Tuesday to pass the GENIUS Act Tuesday, with 18 Democrats joining most Republicans to get the stablecoin bill across the finish line.
It marked a milestone moment for the crypto industry as the first major digital asset legislation to clear the chamber.
“Get it to my desk, ASAP — NO DELAYS, NO ADD ONS,” Trump added. “This is American Brilliance at its best, and we are going to show the World how to WIN with Digital Assets like never before!”
After embracing the industry on the campaign trail, Trump has made crypto legislation a priority for his administration, pushing to pass two crypto bills before Congress leaves for its August recess.
In addition to the stablecoin bill, the White House and GOP lawmakers are trying to pass legislation that would divvy up oversight of the rest of the digital asset market between two financial regulators.
While Trump pushes lawmakers to get a “clean” GENIUS Act to his desk as fast as possible, some in the industry and Congress have voiced support for tying the two crypto bills together to ensure they don’t lose momentum before getting to market structure.
However, others are pushing to take the win on stablecoin legislation and tackle market structure legislation afterward.
