Trump endorses GENIUS Act regulating stablecoins, signaling potential boost for institutional adoption

From Financial Modeling Prep: 2025-06-19 11:00:00

U.S. President Donald Trump endorses the GENIUS Act, a Senate bill regulating stablecoins like USDC and USDT.

The GENIUS Act introduces reserve requirements, monthly disclosures, and oversight for stablecoin issuers.

Trump urges the House to swiftly pass the bill without amendments, signaling a pro-crypto stance and potential institutional adoption boost.

Monitor stablecoin performance with the Crypto Currency Free API for real-time data on USDC and USDT.



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