Largely relegated to the dreaded bipartisan purgatory earlier today, Trump's signature stablecoin-focused legislation has just received a fresh dose of the proverbial adrenaline, courtesy of the President's concerted efforts. To wit, President Trump has just posted on Truth Social that he has won the support of 11 out of the 12 additional Congress members required to ensure the passage of the GENIUS stablecoin act, more formally known as the Guiding and Establishing National Innovation for U.S. Stablecoins Act. Earlier today, the House failed to move forward with the legislation when 222 members voted against a procedural step required to initiate […]
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