Trump Pushes for Swift Stablecoin Bill Passage as Lawmaker Signals Need for Further Negotiations
President Donald TRUMP has urged the House of Representatives to expedite passage of the stablecoin oversight bill recently approved by the Senate, emphasizing a 'clean' version of the GENIUS Act without amendments. His call for rapid action contrasts with the cautious stance of Representative French Hill, who indicated ongoing discussions to reconcile differences between the Senate and House versions.
Hill, chairing the House Financial Services Committee, highlighted unresolved issues during remarks at the Brookings Institution. While Trump demanded immediate approval, Hill stressed the importance of aligning the stablecoin bill with broader crypto market legislation by August. The legislative process remains fluid as key stakeholders negotiate behind the scenes.
