Trump Urges Swift Passage of GENIUS Stablecoin Bill to Boost US Digital Assets Leadership
US President Donald Trump has called on the House of Representatives to quickly approve the GENIUS stablecoin bill after its Senate passage. This legislation aims to strengthen America’s position in digital assets while maintaining the US dollar’s global dominance. The Senate passed the bill with a bipartisan 68-30 vote.
Key Benefits of the GENIUS Act
- Facilitates near-instant payment settlements nationwide
- Reinforces the US dollar’s role in global finance
- Promotes innovation in digital currency technologies
Legislative Challenges
The bill initially faced Democratic opposition due to concerns about Trump’s connections to cryptocurrency. Bill Hagerty, the sponsoring senator, emphasized its importance for economic modernization.
Expert Perspective
“This legislation represents a crucial advancement for our financial infrastructure,” noted a senior financial analyst. “It establishes the US as a leader in the evolving digital economy.”
