#CryptoStocks
Trump Wants Quick Approval for Stablecoin Law
Former President Donald Trump is asking the U.S. House to quickly pass the GENIUS Act, a new law to regulate stablecoins. The Senate already approved the bill with strong support (68-30). The law will create clear rules for how stablecoins are issued and traded in the U.S. After the Senate vote, Coinbase stock went up 16.32% and Circle stock rose 33.82%. This shows strong market support. However, some members of the House want to add other crypto rules to the bill. Some critics also worry that Trump’s family may have business ties to crypto companies.
