President Donald Trump posted on Fact Social Tuesday night concerning latest Senate laws, stating the U.S. will “present the World the best way to WIN with Digital Property like by no means earlier than.” The submit got here following the Senate’s passage of the Guiding and Establishing Nationwide Innovation for U.S. Stablecoins (GENIUS) Act by a 68-30 vote.
“The Senate simply handed an unbelievable Invoice that’s going to make America the UNDISPUTED Chief in Digital Property,” Trump wrote on his Fact Social platform. “No person will do it higher, it’s pure GENIUS! Digital Property are the long run, and our Nation goes to personal it. We’re speaking about MASSIVE Funding, and Large Innovation.”
The president continued: “The Home will hopefully transfer LIGHTNING FAST, and go a ‘clear’ GENIUS Act. Get it to my desk, ASAP — NO DELAYS, NO ADD ONS.”
White Home AI & Crypto Czar David Sacks responded to the laws’s passage, stating: “The U.S. Senate has handed the GENIUS Act — landmark stablecoin laws that gives regulatory readability, enhances client safety, and extends U.S. greenback dominance on-line. Due to President Trump for his management on crypto & Senator Hagerty for authoring the invoice.”
The administration has been articulating its digital asset technique via high-profile appearances and coverage statements. Vice President JD Vance addressed the Bitcoin 2025 Convention in Las Vegas, declaring: “What we’ve achieved within the Trump administration in digital asset coverage is simply the start. Crypto lastly has a champion and an ally within the White Home.”
White Home Government Director Bo Hines bolstered this message on the Bitcoin convention as properly, stating, “We’re properly on our approach to turning into the Bitcoin superpower of the world. That is one thing that’s not partisan. It is a revolution in our monetary system.” Hines particularly addressed Bitcoin’s significance: “Bitcoin is actually the golden customary…That is an asset that we needs to be harnessing on behalf of the American individuals. We wish as a lot as we are able to probably get.”
The GENIUS Act would set up the primary complete federal framework for fiat-backed stablecoins, requiring 1:1 greenback backed reserves, month-to-month disclosures, common audits, and clear federal or state licensing.
The laws now strikes to the Home, the place Trump’s public stress for swift passage with out amendments may show decisive.
