Trump Pressures Congress on GENIUS Act: ‘Get It to My Desk ASAP

In a forceful appeal via Truth Social on Wednesday, U.S. President Donald Trump implored the House of Representatives to rapidly approve the GENIUS Act in its current form. The legislation, describing it as “incredible” and “American brilliance at its best,” aims to claim American dominance in the digital asset arena.

Trump's message was unmistakable: “Get it to my desk, ASAP — NO DELAYS, NO ADD‑ONS,” he wrote, urging lawmakers to resist adding amendments from other crypto-related bills like the CLARITY or STABLE Acts. He framed the bill as a strategic move to make the U.S. the “UNDISPUTED Leader in Digital Assets.”

On June 17, the U.S. Senate passed the GENIUS Act with strong bipartisan support, by votes of 68–30, clearing key procedural hurdles and final passage. The legislation mandates that stablecoins must be fully backed 1:1 with U.S. dollars or highly liquid assets, coupled with monthly disclosure requirements and annual audits for issuers exceeding $50 billion in market capitalization.

Proponents hailed the bill as a landmark for ushering digital assets into the financial mainstream while reinforcing consumer protections and national security. Senators such as Tim Scott and John Thune emphasized that this bill signals America’s leadership in crypto innovation.

Industry leaders—including Circle’s CEO Jeremy Allaire and Visa, Mastercard, Meta, and Walmart—supported the bill, viewing it as crucial for digital competitiveness in payments.

While the GENIUS Act has received broad support, some observers have raised questions about President Trump’s potential financial ties to the crypto sector—specifically his family's involvement in World Liberty Financial and its USD1 stablecoin which ranks among the leading stablecoins by market cap.

Critics, notably Senator Elizabeth Warren, have accused the Senate of granting Trump “a win” by exempting the president and vice president (and their families) from conflict rules, while prohibiting only members of Congress from benefiting. Warren warned the bill could “actively facilitate” corruption through stablecoins linked to Trump’s interests.

With Senate approval secured, the GENIUS Act now faces more contention in the House. Trump’s plea for a “clean” bill puts pressure on Representatives to eschew amendments. Still, some prefer incorporating it into broader crypto legislation, including the House-approved STABLE and CLARITY Acts.

House Republicans, eyeing flexibility, propose folding GENIUS into their own framework—though that could delay its delivery to the president before his desired August window.

Supporters argue that the bill strengthens the U.S. dollar’s global status. Treasury Secretary Scott Bessent projected it could grow the U.S. stablecoin market to $2 trillion within a decade. Blockchains could replace inefficient payment systems, reducing costs and boosting transactional speed while embedding anti-money laundering and consumer safeguards.

If the House acts quickly—potentially without amendments—the GENIUS Act could reach Trump’s desk by late July or early August. A White House policy statement indicated Trump’s advisors would recommend signing the bill in its present form.

However, failure to pass cleanly might delay it into late summer, fragment stakeholder unity, and reduce political urgency. Meanwhile, the collision of industry enthusiasm, conflict-of-interest controversy, and market volatility will keep the bill under intense scrutiny.

The GENIUS Act marks a pivotal moment in U.S. crypto policy—balancing innovation, mainstream adoption, and political perplexity. Trump’s assertive advocacy underscores his vision: to cement America’s leadership in digital finance, but without relinquishing personal protection.

The coming weeks will test whether Congress can deliver a stablecoin bill that blends ambition with accountability—and whether the president will sign off on what he views as “American brilliance.”