Trump Pushes House to Approve GENIUS Act as Stablecoin Bill Faces House Division

President Donald Trump is calling on House lawmakers to swiftly pass the GENIUS Act after its decisive Senate approval, touting the bill as a leap toward U.S. leadership in digital assets. But despite support from Senate Republicans, the measure—aimed at establishing comprehensive stablecoin regulation—is running into headwinds in the House, where concerns about conflicts of interest and competing crypto proposals threaten to slow its progress.

GENIUS Act Gets Senate Green Light, Faces Tougher Terrain in the House

The GENIUS Act, designed to create a federal framework for issuing and trading stablecoins, sailed through the Senate with a 68-30 vote this week. President Trump quickly praised the feat, urging the House to move “lightning fast” to deliver a clean bill for his signature with no amendments or delays. Describing it as “American brilliance at its best,” Trump declared the act as pivotal for cementing America as the “undisputed leader in digital assets.”

House Divided: Negotiations, Rival Bills, and Conflict of Interest Concerns

Despite the Senate’s momentum, the GENIUS Act confronts complications in the House of Representatives. Lawmakers remain split on whether to approve the bill as is or bundle it with other crypto-related measures, including the CLARITY or STABLE Acts. Some are pushing for stricter conflict-of-interest provisions, citing concerns over the Trump family’s direct ties to digital asset ventures. With House Republicans promoting their own STABLE Act and considering merging crypto reforms for broader impact, the timeline for passage is uncertain—even as Senate Republicans target a July 4 deadline.

Key Stats & Figures

• Senate Vote Margin: GENIUS Act approved 68-30 in the Senate.
• Stablecoin Ranking: USD1, connected to the Trump family’s World Liberty Financial, is the world’s eighth-largest stablecoin by market cap.
• Conflict of Interest Provision: Final bill allows sitting president, vice president, and families to engage in stablecoin businesses.
• Rival Legislation: House Republicans are advancing the alternative STABLE Act and considering wider crypto policy packages.

Mounting Criticism Over Transparency and Consumer Protections

Detractors warn that the GENIUS Act’s current language could normalize potential conflicts of interest at the highest government levels. Groups like Public Citizen have criticized lawmakers for not addressing what they call unprecedented “crypto grift” involving the Trump family’s stablecoin. Senator Elizabeth Warren, meanwhile, voiced alarms about the risk of tech giants leveraging the law to harvest and exploit consumer data through stablecoins, potentially squeezing competitors and raising broad privacy concerns.

Conclusion: What This Means for the Market

The future of U.S. stablecoin regulation hangs in the balance as the House debates both the GENIUS Act’s merits and its political entanglements. With digital assets increasingly gaining mainstream traction, how—and if—lawmakers address oversight could define America’s role in the evolving crypto landscape. Investors and the broader market now await whether Congress will deliver regulatory clarity or become bogged down in partisan and ethical disputes.