Opinion: Trump runs out of resources due to the Big and American Act, and the GENIUS Act is passed or delayed until early October
2025-07-12 09:03:41
According to "Caijing" magazine, some scholars in the United States said that Trump has "exhausted" political resources in the pressure process of the "Big and American Act", and there is not much balance if he adopts the same method in the stablecoin legislation. In addition, many senior legal people in the United States told "Caijing" that due to the timely passage of the more important "Big and American" bill, the possibility of passing the "GENIUS Act" as scheduled before August has greatly increased, but they also believe that if the "GENIUS Act" is forced to be bundled with other market structure bills, it will bring great uncertainty to the deliberations. If it cannot be passed smoothly before the summer break of Congress, because the resumption of the meeting will not be until early September, the bill will be passed at the soonest until the end of September and early October.
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