Senate Passes 'GENIUS Act' Boosting Crypto Market and Stablecoins
TL;DR Summary
President Trump is urging the House to quickly pass the GENIUS Act, a bill establishing a framework for stablecoins in the U.S., despite concerns over conflicts of interest and broader crypto legislation debates. The bill has already passed the Senate but faces hurdles in the House, where lawmakers are considering combining it with other crypto laws. Trump also disclosed a $57 million profit from his crypto venture, raising questions about conflicts of interest.
- Trump Pushes House to Pass GENIUS Act as Lawmakers Debate Crypto Oversight Decrypt
- Trump calls on House GOP to quickly adopt ‘clean’ version of Senate-passed crypto bill Politico
- WATCH: Senate passes crypto bill ‘GENIUS Act’ without addressing Trump’s investments PBS
- Shares of Coinbase, Circle surge after stablecoin bill passes Senate CNBC
- Stablecoins' market cap surges to record high as US senate passes bill Reuters
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