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Trump pressures the House: Speed up the approval of the GENIUS stablecoin bill! Controversy arises over bundled market structure legislation.
After the U.S. Senate passed the stablecoin bill (GENIUS Act), President Trump sent a message to the House of Representatives:
“Get it to my desk as soon as possible—no delays, and no additional content.”
In this regard, Fox News reporter Eleanor Terrett posted on X:
"I heard that Trump’s remarks sparked strong protests from industry stakeholders, who called Congress to question what his instructions meant for the passage of market structure legislation—the House is considering advancing market structure legislation alongside stablecoin legislation, striving to complete both pieces of legislation before the August deadline set by Trump.
‘It all started like this,’ responded a member of the House.