The head of Trump’s digital asset advisory committee said that the White House hopes that the stablecoin bill will be passed by the House of Representatives before August

Odaily News The U.S. Senate passed the "Guidance and Establishment of a National Innovation for Stablecoins in the United States Act" (GENIUS Act) on Tuesday. The bill has now been submitted to the Republican-controlled House of Representatives for review. If it passes smoothly, it will be presented to Trump for signature. The House of Representatives passed the stablecoin bill last year, but the Senate, which was dominated by the Democrats at the time, did not review it, resulting in the bill's failure. Trump is pushing for a comprehensive reform of U.S. crypto policy after receiving funds from the cryptocurrency industry during his presidential campaign. Bo Hines, head of Trump's Digital Asset Advisory Committee, said the White House hopes the bill will be passed by August. (Reuters)
Earlier news , the Hong Kong Special Administrative Region Government published the "Stablecoin Ordinance (Effective Date) Notice" in the Gazette today, designating August 1, 2025 as the date on which the "Stablecoin Ordinance" (Chapter 656) (the "Ordinance") will come into effect.