{"id":54507,"date":"2025-06-19T11:07:01","date_gmt":"2025-06-19T11:07:01","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/trump-pushes-for-genius-act-passage-with-get-it-to-my-desk-asap-message\/"},"modified":"2025-06-19T11:07:01","modified_gmt":"2025-06-19T11:07:01","slug":"trump-pushes-for-genius-act-passage-with-get-it-to-my-desk-asap-message","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/trump-pushes-for-genius-act-passage-with-get-it-to-my-desk-asap-message\/","title":{"rendered":"Trump Pushes for GENIUS Act Passage With &#8220;Get it to My Desk ASAP&#8221; Message"},"content":{"rendered":"<p><b>(Originally posted on : Crypto News &#8211; iGaming.org )<\/b><br \/>\n<\/p>\n<div>\n<p>US President Donald Trump has publicly urged the House of Representatives to quickly pass the GENIUS Act, a stablecoin bill aimed at establishing clear regulations for dollar-pegged digital assets. Trump made his appeal just days after the Senate approved the legislation in a 68-30 vote.<\/p>\n<hr\/>\n<p><em><strong>Good to know<\/strong><\/em><\/p>\n<ul>\n<li><em><strong>The GENIUS Act sets strict rules for stablecoin issuers, including full reserve backing.<\/strong><\/em><\/li>\n<li><em><strong>Trump called on the House to pass the bill \u201clightning fast\u201d.<\/strong><\/em><\/li>\n<li><em><strong>The House vote is next, with Republicans holding a slim majority.<\/strong><\/em><\/li>\n<\/ul>\n<hr\/>\n<p>The GENIUS Act, short for Guiding and Establishing National Innovation for US Stablecoins, proposes a legal framework for payment stablecoins. The bill requires issuers to hold 1:1 reserves in safe assets and obtain proper licensing at either the federal or state level. It also includes provisions for Anti-Money Laundering compliance and consumer protections.<\/p>\n<p>Following the Senate\u2019s approval, Trump posted on Truth Social:<em> \u201cThe Senate just passed an incredible Bill that is going to make America the UNDISPUTED Leader in Digital Assets.\u201d<\/em> He continued, urging the House to move quickly:<em> \u201cGet it to my desk, ASAP \u2014 NO DELAYS, NO ADD ONS.\u201d<\/em><\/p>\n<p>Under the bill, stablecoin issuers would be restricted from using reserves for anything beyond redemptions or approved low-risk investments, such as Treasury repos. This limitation is designed to prevent issues linked to shadow banking practices.<\/p>\n<div class=\"main-org-3-item-ins box-100 relative mb-4\">\n<div class=\"space-org-3-items box-100 relative\">\n<div class=\"box-100 space-org-3-item relative border-tb mt-1 \">\n<div class=\"space-org-3-item-ins box-100 relative\">\n<div class=\"space-org-3-item-terms box-25 relative\">\n<div class=\"space-org-3-item-terms-ins box-100 text-center relative\"> <strong>5BTC or 111% + 111 Free Spins!<\/strong> <\/p>\n<p>New players only. Exclusive 111% Welcome Bonus + 111 Free Spins<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>The House is expected to vote soon, and with a Republican majority, passage is likely\u2014though not guaranteed. If passed without changes, the bill will head directly to the president for final approval.<\/p>\n<p>Trump\u2019s call for urgency signals his interest in putting the United States ahead in the digital asset space, particularly by regulating stablecoins in a way that avoids systemic financial risk while fostering innovation.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/igaming.org\/crypto\/trump-says-get-it-to-my-desk-asap-as-stablecoin-bill-moves-forward\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Crypto News &#8211; iGaming.org ) US President Donald Trump has publicly urged the House of Representatives to quickly pass the GENIUS Act, a stablecoin bill aimed at establishing clear regulations for dollar-pegged digital assets. Trump made his appeal just days after the Senate approved the legislation in a 68-30 vote. Good [&hellip;]<\/p>\n","protected":false},"author":34,"featured_media":52034,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[34],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/54507"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=54507"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/54507\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/52034"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=54507"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=54507"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=54507"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}