Trump demands Republicans expedite voting on the GENIUS Act, which regulates payment stablecoins, amidst a planned ‘crypto week’. He insists on a House vote this afternoon, despite uncertainties around meeting the proposed timeline.
The GENIUS Act, which passed the Senate with bipartisan support in June, targets stablecoin regulation. Yet, Trump’s potential conflict of interest connected to his family’s crypto company raises concerns as the legislation heads for a House vote this week.
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