Trump posted on Social Media, stating: The Senate has just passed an incredible bill that will make the U.S. the undisputed leader in digital Assets – no one can surpass it, this is simply a genius move! Digital Assets are the future, and our country will dominate it. We are talking about massive investments and significant innovations.
I hope the House of Representatives can act with lightning speed and pass a "clean" "Genius Act". Send it to my desk as soon as possible—no delays, no additional content. This is the best embodiment of American wisdom, and we will show the world how to win in the field of digital Assets like never before!
On June 17, local time, the U.S. Senate passed legislation aimed at establishing a regulatory framework for a type of Cryptocurrency known as "stablecoins." The bill, titled "Guidance and Establishment of the U.S. Stablecoin National Innovation Act" (referred to as the "Genius Act"), gained bipartisan support and was passed in the Senate with a vote of 68 to 30, marking the first time the chamber has approved major cryptocurrency legislation.
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