Trump says lawmakers agreed to advance U.S. stablecoin bill with July 16 vote

U.S. President Donald Trump said on Truth Social that he met in the Oval Office with 11 of the 12 lawmakers necessary to pass the GENIUS Act, a bill focused on stablecoin regulation. According to his post, the group agreed to proceed with a vote on the morning of July 16. House Speaker Mike Johnson participated in the meeting by phone and indicated he is prepared to move the vote forward as soon as possible. This update follows the House's failure to pass a procedural vote on the bill.