US President Donald Trump has urged the House to pass the Guiding and Establishing National Innovation for US Stablecoins Act as soon as possible so he can officially sign it into law.
”The Senate just passed an incredible Bill that is going to make America the UNDISPUTED Leader in Digital Assets,” Trump said before calling on the House of Representatives to pass the bill “LIGHTNING FAST” in a Truth Social post on Thursday.
”Get it to my desk, ASAP — NO DELAYS, NO ADD ONS,” the US president said of the GENIUS Act.
His post cames after the US Senate passed the GENIUS Act in a 68-30 vote on Tuesday.
A vote in the House is next, where Republicans also hold a slim majority over Democrats.
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Many proponents of the GENIUS Act believe it would play a crucial role in maintaining US dollar dominance in global finance.
The bill’s sponsor, Senator Bill Hagerty, said that it would allow “businesses of all sizes, and Americans across the country will be able to settle payments nearly instantaneously rather than waiting for days or sometimes even weeks.”
The GENIUS Act initially failed a cloture vote in the Senate in May in response to Democratic opposition to Trump’s connections to the crypto industry.
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