Donald Trump called on the U.S. House of Representatives to pass the GENIUS Stablecoin Bill quickly after the Senate approved it on June 18.

The president posted on Truth Social, saying:

“The Senate just passed an incredible Bill that is going to make America the UNDISPUTED Leader in Digital Assets. Get it to my desk, ASAP — NO DELAYS, NO ADD ONS.”

Trump made the statement two days after the Senate passed the bill with a 68–30 vote. The U.S. House vote is next. The Republican majority in the House may help move the bill forward.

GENIUS Stablecoin Bill Outlines U.S. Stablecoin Regulation

The GENIUS Stablecoin Bill creates a regulatory framework for payment stablecoins backed by the U.S. dollar.

The bill requires 1:1 reserve backing for every stablecoin issued, meaning each token must be matched by a U.S. dollar held in reserve.

Issuers must also get a license at the federal or state level. The bill sets Anti-Money Laundering (AML) requirements and limits what stablecoin issuers can do with reserves.

The reserves can only be used for redemption or placed in low-risk assets such as Treasury repos.

These rules aim to prevent shadow-banking risks and set clear responsibilities for stablecoin regulation in the U.S. The bill does not allow issuers to use reserves for investments unrelated to customer redemptions.

Elizabeth Warren Questions Trump’s Role in USD1 Stablecoin

Some Democrats opposed the GENIUS Stablecoin Bill due to concerns over Trump’s links to the USD1 stablecoin, issued by World Liberty Financial. In May, the bill failed to advance in the Senate after multiple lawmakers raised these concerns.

Senator Elizabeth Warren said:

“Trump and his family would make hundreds of millions of dollars if this bill passes.”

Her criticism focused on Trump’s possible financial gains if the USD1 stablecoin receives benefits from new regulations.

World Liberty Financial, which launched the USD1 stablecoin in March 2025, became the center of this debate.

Bill Hagerty Defends Stablecoin Legislation for Fast Payments

Senator Bill Hagerty, who introduced the GENIUS Stablecoin Bill, said it would help both individuals and businesses.

He stated the bill allows people to settle payments almost instantly, instead of waiting days.

The senator added that clear stablecoin regulation would support financial systems and reduce delays in daily payments.

His defense of the bill focused on improving the settlement process and supporting U.S. digital finance infrastructure.

While the bill moves forward, the U.S. House vote remains the final step before it reaches the president.

Trump’s call for no changes or additions signals urgency to pass the bill in its current form.

Disclosure:This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

Kriptoworld.com accepts no liability for any errors in the articles or for any financial loss resulting from incorrect information.