Former U.S. President Donald Trump has called on lawmakers in the House of Representatives to “act fast” and pass the GENIUS Act, a newly approved Senate bill that establishes the first regulatory framework for USD-backed stablecoins.
In a post on Truth Social, Trump wrote:
“Get it to my desk, ASAP – NO DELAYS, NO ADD-ONS.”
He added that signing the bill into law would help ensure that the United States becomes the “undisputed leader in digital assets.”
The GENIUS Act — short for “Generating Enhanced National Infrastructure for US Stablecoins” — was passed in the Senate with strong bipartisan support (68–30). The legislation sets clear standards for issuers of stablecoins, requiring full 1:1 asset backing, regular reserve disclosures, anti-money laundering compliance, and registration with federal regulators.
The bill is seen as a significant step forward in the regulation of digital currencies and is expected to bring more trust and legitimacy to stablecoins pegged to the U.S. dollar, such as USDC, USDT, and newer entrants like Ripple’s RLUSD or Trump-affiliated USD1.
Interestingly, the GENIUS Act includes a clause that bans members of Congress and their families from issuing stablecoins, but does not apply the same restrictions to the President or Vice President, prompting criticism from some lawmakers. Trump and his associates have been linked to the upcoming launch of USD1, a politically branded stablecoin aimed at “protecting the U.S. dollar in the crypto age.”
The bill now heads to the House, where it will face debate before potentially being sent to the President’s desk for final approval. If passed, it could make the U.S. the first major economy with a comprehensive legal framework for fiat-backed stablecoins — an area currently dominated by private companies operating in legal gray zones.
Trump’s call adds political urgency to the process, and signals a rare bipartisan alignment around digital asset regulation in a critical election year.
Disclaimer: This article is for informational purposes only and is not investment advice. Investors should research carefully before making any decisions. We are not responsible for your investment decisions.
