Trump calls for GENIUS Act to pass Tuesday, despite reports of later vote
2025-07-15 18:02:45
Main Idea
US President Donald Trump urges Republicans to pass the GENIUS Act, a stablecoin regulation bill, amid uncertainty about the voting timeline and reports of his family's involvement in a crypto company.
Key Points
1. Republicans plan to vote on three crypto-related bills, including the GENIUS Act, before Congress' August recess.
2. The GENIUS Act aims to regulate payment stablecoins and is part of the Republican 'crypto week' agenda.
3. Bloomberg reported that Binance assisted in creating a stablecoin for Trump family-backed World Liberty Financial (WLF).
4. An Abu Dhabi-based investment firm used WLF's stablecoin to settle a $2-billion investment into Binance.
Description
Republicans are planning to hold votes on three pieces of crypto-related legislation, but it’s unclear if they’ll be able to meet the president’s accelerated timeline.
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