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- Welcome Kevin_Lee to the Gate Square! 🎉
Looking forward to more great crypto insights from him.
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👉 Post: https://www.gate.com/post/status/11758920
👉 Profile: https://www.gate.com/profile/Kevin%20Lee
Let’s give Kevin_Lee a warm welcome! 👏👏👏
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Trump Urges ‘Lightning Fast’ House Passage of Stablecoin Bill After Senate Approval - Unchained
President Donald Trump on Wednesday night called on the House of Representatives to quickly pass the GENIUS Act, the major stablecoin bill that cleared the Senate earlier this week, voicing strong support for what he called an “incredible Bill.”
In a post on Truth Social, Trump urged the House to move “LIGHTNING FAST” so he could sign the bill into law. He praised the legislation as a step toward making the United States the “UNDISPUTED Leader in Digital Assets,” and warned lawmakers against making any changes, writing, “NO DELAYS, NO ADD ONS.”
This story is an excerpt from the Unchained Daily newsletter.
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The Senate passed the Guiding and Establishing National Innovation for U.S. Stablecoins Act — or GENIUS Act — on Tuesday in a 68–30 bipartisan vote. The bill would create the first federal regulatory framework for stablecoins, requiring full reserve backing, monthly audits, and compliance with anti-money laundering laws.
It also authorizes a broad range of issuers — including banks, payment firms, and even retailers — to offer stablecoins under federal oversight.