Trump Urges Swift Passage of GENIUS Act Following Senate Approval

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U.S. President Donald Trump is looking on House lawmakers to behave rapidly on the GENIUS Act, a stablecoin-focused invoice that handed the Senate on Tuesday in a 68-30 vote.

The invoice goals to create a complete federal framework for the issuance and regulation of stablecoins, together with requirements for reserves, audits, and licensing. Trump praised the laws as “incredible” and described it as a path towards making “America the UNDISPUTED Leader in Digital Assets.”

On Truth Social, he urged swift House approval: “The House will hopefully move LIGHTNING FAST, and pass a ‘clean’ GENIUS Act. Get it to my desk, ASAP — NO DELAYS, NO ADD ONS.” He added, “This is American Brilliance at its best, and we are going to show the World how to WIN with Digital Assets like never before.”

While the Senate vote marks a serious milestone, the invoice faces a extra divided reception within the House. Lawmakers are debating whether or not to go the GENIUS Act as-is or to fold it into broader crypto laws, such because the CLARITY or STABLE Acts.

Concerns round conflicts of curiosity—significantly tied to the Trump household’s involvement within the digital asset area—stay a sticking level. The ultimate Senate model permits the sitting president, vp, and their households to take part in stablecoin ventures. Critics say this leaves the door open to corruption, particularly in mild of the Trump-affiliated stablecoin USD1, now the eighth-largest by market cap.

“In advancing these bills, lawmakers forfeited their opportunity to confront Trump’s crypto grift—the largest, most flagrant corruption in presidential history,” mentioned Bartlett Naylor of Public Citizen.

Senator Elizabeth Warren raised additional alarms, warning of potential abuses by tech giants: “If Congress doesn’t fix it, billionaires like Elon Musk, Jeff Bezos, and Mark Zuckerberg could launch stablecoins that track your purchases, exploit your data, and squeeze out competitors,” she mentioned.

GENIUS Act Boosts Stablecoin Stocks as Market Responds to Regulatory Clarity

The Senate’s approval of the GENIUS Act has already begun to ripple by monetary markets, significantly benefitting companies most intently tied to stablecoin infrastructure.

Both Coinbase and Circle—the issuer of USDC—noticed their share costs surge within the wake of the Senate vote. Circle (NYSE: CRCL) jumped 19.9% to hit an all-time excessive of $178.74, whereas Coinbase (Nasdaq: COIN) rose 11.9% to $283.78. The positive aspects replicate rising investor optimism {that a} regulatory framework might de-risk the stablecoin business and encourage larger institutional adoption.

The firms are intently linked by a revenue-sharing settlement: they break up the curiosity earned on the money reserves backing USDC, which has now reached a $61.4 billion market capitalization, based on CoinGecko. Circle handles deposits, points new USDC tokens, and maintains greenback or dollar-equivalent reserves to help redemptions—producing curiosity revenue whereas the stablecoins stay in circulation.

Both Circle CEO Jeremy Allaire and Coinbase CEO Brian Armstrong have voiced robust public help for the GENIUS Act, citing it as an important step towards monetary innovation and world competitiveness.

Coinbase reported $297 million in Q1 2025 from its revenue-sharing association with Circle, up considerably from $197 million in Q1 2024. With stablecoin laws progressing, traders view this regulatory readability as a tailwind for future income progress.

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