Trump Urges Fast Passage of Stablecoin Bill, House Weighs Options

President Donald Trump has called for the House of Representatives to swiftly pass the Senate-approved stablecoin regulation bill, the GENIUS Act, without amendments. Posting on Truth Social, Trump urged lawmakers to act “LIGHTNING FAST” and send a clean bill to his desk with no delays or additions.

However, House Financial Services Committee Chair French Hill signaled caution. Speaking at the Brookings Institution, Hill noted ongoing discussions within House leadership and acknowledged differences between the Senate’s GENIUS Act and the House’s STABLE Act. He emphasized that while Trump wants a clean version passed, the House may still push for changes.

Key discrepancies between the two bills include jurisdictional reach (extraterritoriality), federal versus state oversight roles, and concerns over mixing banking and commerce, particularly around whether corporations can issue stablecoins. Hill maintained optimism about reconciling the bills, stating, “The Senate and the House can definitely find a common constructive landing place.”

The House has three potential paths: approve the GENIUS Act as-is; amend and reconcile it with the STABLE Act before returning it to the Senate; or merge both with the broader Digital Asset Market Clarity Act, which outlines a regulatory framework for crypto markets. While the latter has been discussed, some crypto advocates warn that combining all into a single legislative package could complicate and delay passage.

Rashan Colbert of the Crypto Council for Innovation highlighted that lawmakers are spending significant time on crypto regulation and must decide soon how to proceed before Trump’s August deadline.

As the U.S. pushes for digital asset oversight, stablecoin legislation remains a top priority—but bipartisan alignment is proving complex.