U.S. President Donald Trump has voiced strong and unequivocal support for the stablecoin bill known as the GENIUS (Guiding and Establishing National Innovation for US Stablecoins) Act, recently approved by the Senate. Following the announcement, shares of Circle and Coinbase saw a sharp increase.
In a post on the Truth Social platform, he called the bill “genius” and demanded that the House of Representatives pass it “immediately, without delay or amendments.”
“America will become the undisputed leader in digital assets. Get this bill to my desk as soon as possible,” Trump wrote, adding that the U.S. “will show the world how to win with digital assets.”
Dispute Between Congressional Chambers
Despite strong support in the Senate, the GENIUS Act’s fate in the House of Representatives remains uncertain. While Republicans generally support stablecoin regulation, many are pushing for amendments or the inclusion of provisions from a separate bill on the topic already passed in April. Talks are underway about potentially merging the GENIUS Act with a broader initiative aimed at reforming crypto markets.
One of the key crypto advocates in the lower chamber is French Hill, who is leading efforts to pass comprehensive digital asset legislation. His team confirmed that he is prepared to continue working with colleagues and House leadership to find a balanced solution.
Senate Urges Immediate Approval
Amid possible changes in the House, senators including the bill’s lead sponsor Bill Hagerty — are insisting on swift approval of the original text. According to Hagerty, any alterations would require the bill to be returned to the Senate for further debate, which he aims to avoid. The goal is to get the legislation on the President’s desk by July 4, he emphasized.
Senators are also concerned that the inclusion of additional provisions, such as those related to market infrastructure, could complicate the bill’s passage in the Senate, where at least 60 votes are needed including support from Democrats.
Politics and Digital Finance
The GENIUS Act is designed to establish the first U.S. legal framework for stablecoin regulation. Trump’s endorsement underscores how central digital assets have become in political discourse. In his statement, the former President declared that “the future is digital assets,” and the U.S. must take the lead in the sector, leveraging “massive investment and innovation.”
The House’s decision is expected to be a turning point in shaping national crypto regulation. As digital assets continue to grow and global competition intensifies, the legislative struggle is escalating. Not only between parties but also within the Republican camp itself.
Following the news, shares of companies directly involved in stablecoin issuance and trading surged. Stablecoin issuer Circle’s stock jumped 33,8%, cryptocurrency exchange Coinbase rose 16%, and Robinhood climbed 4,5%.
This post is for informational purposes only and is not an ad or investment advice. Please do your own research making any decisions.