Trump calls for GENIUS Act to pass Tuesday, despite reports of later vote
Republicans are planning to hold votes on three pieces of crypto-related legislation, but it’s unclear if they’ll be able to meet the president’s accelerated timeline.
US President Donald Trump is calling for Republicans in the House of Representatives to “get the first vote done this afternoon” on a bill to regulate payment stablecoins as part of the party’s push to pass crypto legislation before Congress’ August recess.
In a Tuesday post on his social media platform Truth Social, Trump ordered all Republicans to vote yes on the Guiding and Establishing National Innovation for US Stablecoins, or GENIUS Act, a bill designed to regulate payment stablecoins in the US.
The legislation is one of three bills, along with ones to address market structure and central bank digital currencies, that Republican House leaders had been pushing as part of the party’s “crypto week” plans.
