U.S. President Donald Trump stated this morning (6/19) on his social platform Truth Social that he demands the House of Representatives to pass the Stablecoin Bill (GENIUS Act) as soon as possible and send it to the White House for him to sign and complete the legislation.

(GENIUS Act) overwhelmingly passed in the Senate.

The Stablecoin Bill (GENIUS Act) was proposed by Republican Senator Bill Hagerty, primarily to establish a legal framework for the issuance and payment mechanisms of stablecoins within the United States. It is also seen as a policy advance to consolidate the dollar's position in the global financial system, and the Senate overwhelmingly passed the bill on 6/18 with a vote of 68 to 30.

Trump posted urging the House to pass it immediately, no delays, no additions.

Subsequently, on 6/19, Trump posted on Truth Social stating:

"The Senate just passed an amazing bill that will make the United States the undisputed global leader in the digital asset space."

Then strongly urged the House of Representatives:

"Pass it immediately! Rush it to my desk, no delays, no additions!"

The bill has entered the voting stage in the House, and the Democratic Party's attitude has become the biggest variable.

Next, the (GENIUS Act) will proceed to a vote in the House of Representatives. Despite the Republican Party having a slight majority in the House, there is still uncertainty regarding whether the bill will pass smoothly.

This was caused by Democratic members questioning the relationship between Trump and the cryptocurrency industry, resulting in the bill's agenda being blocked multiple times. Whether it will be modified or delayed again now depends on whether the Democrats choose to loosen their grip or propose amendments again.

(The Stablecoin Bill (GENIUS Act) is moving forward in the House of Representatives! Treasury Secretary Bessent: The market size will reach $3.7 trillion by 2030)

This article Trump urges: The House of Representatives to pass the Stablecoin Bill (GENIUS Act) as soon as possible, no delays! First appeared in Chain News ABMedia.