Trump Pushes House to Pass GENIUS Act as Lawmakers Debate Crypto Oversight

Description

Trump urges House to quickly pass the GENIUS stablecoin bill despite criticism over conflicts of interest from his family's crypto ventures and concerns about tech giant data exploitation.

Authors

Callan Quinn

Publish date

June 19, 2025

Publisher

Decrypt

Web URL

https://decrypt.co/325996/trump-pushes-house-genius-act-lawmakers-debate-crypto

Referenced by

Trump urges House to advance GENIUS Act

Crypto news

News story

"The House will hopefully move LIGHTNING FAST, and pass a 'clean' GENIUS Act. Get it to my desk, ASAP — NO DELAYS, NO ADD ONS," Trump posted on Truth Social Wednesday.

Crypto news

Quote

The legislation, which would establish a federal framework for the issuance and trading of stablecoins, was described by Trump as "incredible" and a path to making "America the UNDISPUTED Leader in Digital Assets."

Crypto news

Quote