Donald Trump calls for rapid house passage of stablecoin bill

U.S. President Donald Trump has urged the House of Representatives to fast-track and pass the stablecoin regulation bill, JinSe Finance reported, citing Jin10.com. His remarks follow the Senate’s recent approval of the GENIUS Act, which introduces strict requirements for stablecoin issuers, including mandatory licensing, full reserve backing, annual audits for issuers with a market cap over $50 billion and regulatory oversight of foreign entities.