Opinion: Trump Exhausts Resources on the Big and Beautiful Act, GENIUS Act Passage May Be Delayed Until Early October

According to a report by Jinse Finance, as disclosed by Caijing Magazine, some U.S.-based scholars have stated that Trump has already "exhausted" his political capital during the push for the "Big and Beautiful Act," and there is little left if he tries to use the same approach for stablecoin legislation. In addition, several senior legal experts in the U.S. told Caijing that, since the more important "Big and Beautiful Act" was passed in a timely manner, the likelihood of the "GENIUS Act" being passed as scheduled before August has greatly increased. However, they also believe that if the "GENIUS Act" is forced to be bundled with other market structure bills, it will introduce significant uncertainty to the review process. If it cannot be passed smoothly before Congress's summer recess, and since Congress will not reconvene until early September, the earliest the bill could be passed would be late September or early October.