President Donald Trump posted on Reality Social Tuesday night concerning current Senate laws, stating the U.S. will “present the World the right way to WIN with Digital Belongings 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 unimaginable Invoice that’s going to make America the UNDISPUTED Chief in Digital Belongings,” Trump wrote on his Reality Social platform. “No one will do it higher, it’s pure GENIUS! Digital Belongings are the long run, and our Nation goes to personal it. We’re speaking about MASSIVE Funding, and Huge Innovation.”
The president continued: “The Home will hopefully transfer LIGHTNING FAST, and cross 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 shopper safety, and extends U.S. greenback dominance on-line. Because of President Trump for his management on crypto & Senator Hagerty for authoring the invoice.”
The administration has been articulating its digital asset technique by way of high-profile appearances and coverage statements. Vice President JD Vance addressed the Bitcoin 2025 Convention in Las Vegas, declaring: “What we’ve performed within the Trump administration in digital asset coverage is barely the start. Crypto lastly has a champion and an ally within the White Home.”
White Home Government Director Bo Hines strengthened this message on the Bitcoin convention as nicely, stating, “We’re nicely on our approach to turning into the Bitcoin superpower of the world. That is one thing that isn’t partisan. This can be 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 folks. We would like as a lot as we are able to presumably 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 strain for swift passage with out amendments may show decisive.
