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07/16 10:13
President Trump says the GENIUS Act will help the United States lead the world in digital assets. In a message posted on Truth Social, Trump urged all Republicans in the House to support the bill. He said it would keep the U.S. ahead of countries like China and those in Europe.
The GENIUS Act intends to introduce a clear regulatory framework for stablecoins. These are digital tokens linked to traditional currencies, such as the U.S. dollar. The goal is to support stable and compliant growth in the digital asset space.
Trump said that passing the bill is key to securing economic leadership in blockchain and cryptocurrency. According to him, passing this law will strengthen the U.S. economy and give it a competitive edge.
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