Former President Trump urges House Republicans to swiftly pass the GENIUS Act, aimed at regulating payment stablecoins ahead of Congress’ August recess.
Former President Donald Trump has urged House Republicans to vote on the GENIUS Act, which seeks to regulate payment stablecoins in the U.S. This legislation, which passed the Senate with bipartisan support, is part of a broader GOP initiative to advance crypto legislation before the August recess. Trump's push comes amidst scrutiny over potential conflicts of interest linked to his family's crypto company, World Liberty Financial, which has connections to Binance.