The president’s efforts to rewrite the DNA of global commerce could complicate the fate of his “Big, Beautiful Bill,” either by diverting the president’s energy or by inviting lawmakers to make changes to the legislation to address unhappiness from the markets and the public.

The House-passed bill includes a large tax cut, as well as more money for defense and immigration enforcement, financed in part by slashing health, nutrition, education and clean energy programs.

The vote on the GENIUS Act, which would set up a regulatory framework for stablecoins, came two weeks after Senate Democrats blocked the measure.