Senate Republicans and former President Donald Trump are pressuring the House again — this time over cryptocurrency policy. The dispute centers on how quickly Republicans should move to fulfill Trump’s promise to make the United States a global leader in digital assets.
The Senate passed a bipartisan bill last month to regulate one key part of the crypto world: stablecoins. However, House Republicans want to go further. They plan to launch a full “crypto week” when lawmakers return on Monday.
House GOP Wants Broader Crypto Rules
House Republicans spent years developing digital-asset proposals that Senate Democrats ignored. Now they want votes on both the Senate’s stablecoin bill and their own, bigger “market structure” plan. This larger bill would change securities and commodities rules that guide crypto trading.
The challenge? Trump and Senate Republicans want a clean, unchanged stablecoin bill. They oppose using it as a vehicle for broader crypto reforms. Several GOP senators have said they will not consider a wider market structure overhaul until September.
Senate Republicans also believe that rewriting the stablecoin bill would make it nearly impossible to win Democratic votes.
“It is very difficult to get eight or nine Democrats on board,” said Sen. Bill Hagerty (R-Tenn.), the lead sponsor of the GENIUS Act.
House GOP leaders recently said they will not combine the Senate bill with their wider overhaul. But they have not ruled out changes to the Senate legislation. Key House members are still negotiating the final text of the market structure plan ahead of next week’s vote.
Senate Approves Historic Stablecoin Bill
In a major advance for the crypto sector, the Senate voted 68–30 to approve the GENIUS Act, which creates the first federal framework for dollar-backed stablecoins. Several Democrats joined most Republicans to support the bill.
For the bill to become law, it must pass the Republican-controlled House and then be sent to President Trump.
“This is a major milestone,” said Andrew Olmem, a former Trump economic adviser. “It creates the first regulatory system for stablecoins, a fast-growing financial product.”
Stablecoins, designed to hold a 1:1 value with the U.S. dollar, are used by crypto traders to move funds quickly across platforms. Supporters say stablecoins could also help enable instant payments.
The bill would require issuers to back their tokens with safe, liquid assets like U.S. dollars or short-term Treasury bills. It also mandates monthly disclosures about their reserves.
Industry Push and Political Momentum
The crypto industry has long urged Congress to create clear digital-asset rules. The sector spent more than $119 million supporting pro-crypto candidates in the most recent elections, arguing that bipartisan regulation is essential for growth.
The House passed its own stablecoin bill last year, but the Democrat-controlled Senate never considered it.
Now, with Trump seeking more crypto adoption and revenue, the White House is backing fast action. Bo Hines, who leads Trump’s Council of Advisers on Digital Assets, said the administration wants a stablecoin bill signed into law by August.
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