<ul data-eligibleForWebStory="true">US President Donald Trump supports the Senate's stablecoin bill, calling it 'pure GENIUS' for US digital asset supremacy.Trump urges the House to swiftly pass the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act.He emphasizes no delays or changes to the bill, wanting a 'clean' version approved quickly.House representatives have to decide whether to approve the Senate bill as is or include it in broader crypto regulations.Senator Bill Hagerty aims to get the GENIUS Act to Trump before July 4th, pushing for House approval without additional amendments.US faces global competition as other jurisdictions like the EU, Singapore, and Hong Kong work on their stablecoin frameworks.Industry experts suggest clear US rules could prevent stablecoin issuers from relocating abroad.Lobbyists emphasize the importance of federal clarity to ensure consistent regulations and consumer protection.There were tough negotiations in the Senate to pass the bill with enough support from both parties.Some in the House worry that a standalone vote on the stablecoin bill could delay addressing broader crypto issues.The GENIUS Act sets a deadline for the House to approve and get it to Trump's desk as soon as possible.Concerns exist that fragmented legislation could leave gaps in auditing reserves or protecting consumers.If the House introduces 'market structure' language, the bill might need further Senate review.Key Republicans in the House have shown support for similar measures but differences remain on reserve requirements and registration.The bill's sponsor aims for a quick approval process to maintain US leadership in digital assets.The stability of US rules potentially impacts stablecoin issuers' decisions to remain in the country.