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BTCC / BTCC Square / Global Cryptocurrency /
White House Pressuring Congress to Fast-Track GENIUS Act

White House Pressuring Congress to Fast-Track GENIUS Act

Global Cryptocurrency
Author:
Global Cryptocurrency
Release Time:
2025-03-24 14:14:01
0
The White House is pushing Congress to accelerate the passage of the GENIUS Act, a bill aimed at regulating payment stablecoins. The pressure comes with the goal of getting the bill to President Donald Trump’s desk within two months, according to Crypto in America. The bill, introduced by Senator Bill Hagerty, passed the Senate Banking Committee on March 13 with an 18-6 vote and is expected to reach the Senate floor for debate next month. If the bill secures strong bipartisan support, potentially reaching 70 votes, the White House and key lawmakers may push to bypass a reconciliation process with the House’s competing STABLE Act.
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