Trump Demands Swift House Approval of GENIUS Act, Warns Against Amendments

US President Donald Trump has called for the immediate passage of the GENIUS Act in the House without changes, as Congress inches closer to enacting the country’s first stablecoin regulation.

Trump Calls for Unamended Passage of GENIUS Act

US President Donald Trump has urged the House of Representatives to promptly pass the GENIUS Act without any alterations, pressing lawmakers to avoid delays or modifications to the Senate-approved bill

Posting on his social media platform, Truth Social, Trump lauded the Senate’s endorsement of the bill and signaled his impatience for swift final approval, writing,

“The Senate just passed an incredible Bill that is going to make America the UNDISPUTED Leader in Digital Assets. Get it to my desk, ASAP — NO DELAYS, NO ADD ONS.”

His remarks come as a clear message to House Republicans, particularly Financial Services Chair French Hill (R-Ark.), who are considering adjustments to the Senate bill or merging it with broader crypto legislation for a future Senate vote.

Senate Advances Landmark Stablecoin Legislation

The Senate passed the GENIUS Act earlier this week in a bipartisan 68-30 vote. Eighteen Democrats joined a majority of Republicans in backing the bill, formally titled the Guiding and Establishing National Innovation for US Stablecoins Act. It marks Congress’s first significant step toward regulating stablecoins, a rapidly growing segment of the digital asset market involving crypto tokens pegged to the US dollar.

The legislation aims to establish a clear regulatory framework for payment stablecoins, requiring issuers to maintain full 1:1 reserve backing, secure licensing at the federal or state level, comply with anti-money laundering standards, and implement robust consumer protections. Additionally, the bill would restrict stablecoin issuers from deploying reserve assets for purposes beyond redemptions and low-risk investments, such as Treasury repos, to minimize systemic financial risks.

House Republicans Divided on Strategy

While House Republicans broadly support stablecoin regulation, the path forward remains uncertain. Lawmakers in the lower chamber have introduced their own stablecoin bill, which resembles the GENIUS Act, although several critical differences persist. The House version previously cleared the Financial Services Committee in April, and GOP leadership is expected to back stablecoin legislation in principle.

However, the decision over whether to pass the Senate bill as-is or alter it before sending it back for a final vote could trigger intra-party divisions. Trump’s public demand for a “clean” version heightens pressure on House leaders ahead of the expected floor debate.

Political Tensions and Industry Ties

The GENIUS Act has faced controversy, particularly over Trump’s business ties to the crypto sector. The bill narrowly failed an initial Senate vote in May after vocal criticism from Sen. Elizabeth Warren, who accused Trump and his family of potentially profiting substantially if the bill passes. Trump’s USD1 stablecoin reportedly generated $57 million in revenue last year.

Despite the friction, some Senate Democrats view stablecoin regulation as a national priority. Sen. Mark Warner emphasized the need for the US to establish digital asset policy leadership, warning against falling behind international competitors.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.