White House Advocates for Swift Senate Approval of GENIUS Act

According to PANews, the U.S. White House is actively promoting the GENIUS Act to expedite its review in the Senate, aiming for U.S. President Donald Trump to sign it into law within two months. The bill, which seeks to establish a regulatory framework for dollar-pegged payment stablecoins, passed the Senate Banking Committee on March 13 with an 18 to 6 vote. The House version, known as the STABLE Act, is set for review starting April 2. The White House hopes the Senate version will garner sufficient support to facilitate direct passage in the House, thereby avoiding the legislative reconciliation process.