According to Nikhilesh De, President Trump urged the House of Representatives to swiftly pass the Senate-approved stablecoin bill, the GENIUS Act, with no modifications. Representative French Hill indicated that ongoing negotiations are needed to resolve differences with the House's STABLE Act, including extraterritorial enforcement and oversight roles, potentially delaying regulatory clarity. Rashan Colbert of the Crypto Council for Innovation noted the limited legislative time for crypto issues, as per De's reporting. This uncertainty could impact stablecoin markets and broader crypto trading volatility.

According to Nikhilesh De, President Donald Trump has urged the House of Representatives to swiftly pass the Senate-approved stablecoin oversight bill (GENIUS Act), calling for no delays or additions. However, Representative French Hill, chairman of the House Financial Services Committee, indicated at the Brookings Institution that further talks are necessary to resolve key differences between the GENIUS Act and the House's STABLE Act. Hill highlighted disparities in extraterritorial enforcement and agency oversight roles, which could prolong regulatory uncertainty and impact stablecoin liquidity and crypto market volatility. Rashan Colbert, policy director for the Crypto Council for Innovation, noted in an interview that time constraints may affect whether the bills are combined or passed separately, potentially influencing trading strategies amid the August deadline.