Senate Republicans and Trump are at odds with the House over digital asset policy. The Senate recently passed the bipartisan GENIUS Act—the first comprehensive stablecoin framework—by a 68–30 vote. Trump is pushing for a “clean” version to be signed swiftly, while House Republicans want a broader crypto regulatory package.
The bill mandates that stablecoins be backed by liquid reserves such as U.S. dollars and Treasury securities, with issuers required to disclose holdings monthly. If enacted, it would represent a significant win for the crypto sector, which has spent over $100 million lobbying for regulatory clarity.
The House is planning a “crypto week” showdown ahead of the bill’s potential arrival on Trump’s desk.
