Donald Trump Urges U.S. House of Representatives to Pass GENIUS Act Without Amendments — What’s Going On?

Jakarta, Pintu News – Donald Trump has urged the United States House of Representatives to immediately pass the GENIUS Act without making any changes. The Act, which has already been approved by the Senate, is expected to establish the US as a global leader in stablecoin innovation.

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GENIUS ACT: Strategic Steps for US Digital Asset Dominance

The GENIUS Act, which stands for Guiding and Establishing National Innovation for US Stablecoins, has received bipartisan approval in the Senate and now awaits final approval from the House of Representatives. Donald Trump, through a post on Truth Social, has emphasized the importance of passing this law quickly and without any additions.

According to him, this is an important step to ensure that the US remains a leader in the digital finance sector. With the passage of this law, the US is expected to provide legal clarity for stablecoin issuers, which have been facing regulatory uncertainty. This will help maintain the dominance of the US dollar on the global stage and reinforce the US’ position as a center of digital finance innovation.

Also read: US preparing to attack Iran, Bitcoin (BTC) price at risk of plummeting?

Market Reaction and Industry Support

The Senate’s approval of the GENIUS Act has sparked a positive reaction in the stock market, with Circle shares surging by 30%. Major companies in the crypto industry such as Tether and Ripple have also responded by minting new stablecoins.

Coinbase and Gemini, as big players in the industry, have expressed their support for the Act, showing great optimism for the future of digital finance in the US.

Tether has minted 1 billion Tether on Ethereum, while Ripple minted 10 million Ripple in response to the momentum built by the law’s approval. This move shows the market’s high confidence in the stability and future of stablecoins in the US.

Also read: Ohio Waives Tax for Bitcoin (BTC) Transactions Under $200, What’s the Impact?

Potential Integration with STABLE Law

Despite concerns that the House of Representatives may try to merge the GENIUS Act with their own version of the STABLE Act, the White House has shown stronger support for the GENIUS Act. Integration between these two laws is still a topic of discussion, but the main focus remains on passing the GENIUS Act without changes.

Passage of the GENIUS Act without modification would allow the law to be directly enacted by the president. However, any proposed amendments would send the law back to the Senate, potentially slowing down the legislative process. Therefore, it is important for the House of Representatives to follow the president’s advice and pass the law as soon as possible.

Conclusion

With strong support from various parties and great potential to advance the digital finance sector, the GENIUS Act is expected to be passed soon. Not only will this strengthen the US’ position as a global leader in digital finance innovation, but it will also provide much-needed legal certainty to the stablecoin industry.

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Reference

• Crypto Times. Trump Urges House to Pass GENIUS Act ASAP Without Changes. Accessed on June 20, 2025
• CoinGape. Donald Trump Urges US House to Send the GENIUS Act to His Desk ASAP. Accessed on June 20, 2025
• Featured Image: Bitcoin News