House may revise stablecoin bill despite Trump’s push

Despite President Trump urging the House to quickly pass the Senate-approved GENIUS Act on stablecoin regulation, House Financial Services Chair French Hill signaled more discussions are needed. Hill pointed to key differences between the Senate’s GENIUS Act and the House's STABLE Act, including issues like oversight roles, extraterritoriality and corporate stablecoin issuance. Hill emphasized ongoing talks with House leadership and declined to commit to passing the bill unchanged, suggesting potential modifications despite Trump's call for a “clean” bill by August. According to CoinDesk, lawmakers are also considering combining the stablecoin bill with broader crypto legislation.