🚨 Trump Tells House to Pass GENIUS Stablecoin Act “ASAP” to Make U.S. Undisputed Crypto Leader

🌞 The U.S. Senate has passed the GENIUS Act, the first major federal legislation regulating stablecoins. The bill requires that stablecoins be fully backed by liquid assets, mandates monthly reserve disclosures, and limits issuance to licensed entities under anti-money laundering rules. It also restricts government officials from issuing stablecoins to prevent conflicts of interest.
The bill now moves to the House of Representatives, where debate may intensify over whether to pass it alone or merge it with broader crypto legislation like the STABLE or CLARITY Acts. The crypto industry views the bill as a positive step, while critics warn it may still lack sufficient consumer protections.
If approved by the House, the bill will go to President Trump, who has indicated he would sign it before the August recess.
🌞 Cryptocurrency investments carry risks. Therefore, this is not financial advice (No BSH recommendation). Hence please do your own research (DYOR) before making investment decisions.
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