President Donald Trump said the US will become the undisputed leader in digital assets.
This comes from the fact that the GENIUS Act has finally been passed by the Senate.
Trump hints that big investments and innovation will come from the US soon.
The US Senate recently passed a Bill that is set to make American the undisputed leader in digital assets. Current US President Donald J. Trump shared the news of the Senate passing what he calls an incredible bill that will make the US the biggest holder of digital assets. He promises massive investments and big innovation in this sector very soon. Is this the trigger BTC needed to set a greater ATH?
America the Undisputed Leader in Digital Assets
Since Trump came to power, the crypto community has been patiently waiting for him to make strong pro-crypto moves. This is because a huge part of Trump’s campaign was being pro-crypto where he promised to fire Gary Gensler and make the USA a home base for crypto and blockchain innovations, giving local web3 firms a safe place to foster their companies and products.
Following his win, Trump immediately ensured that the SEC Chair went to a trusted pro-crypto face. Then he announced the establishment of the US Strategic Crypto Reserve, which currently only holds confiscated Bitcoin. The establishment of this reserve led to high expectations from the crypto community. Many hoped that the US would start stockpiling Bitcoin (BTC) immediately.
What played out instead was FUD and the price of Bitcoin and altcoins dropped dramatically. One reputed analyst predicted this outcome and said that FUD will play out before the US would finally start stockpiling which is what will lead to the start of the Bitcoin supercycle, which he has been expecting for a long time now. This super cycle is set to take BTC to much higher ATH prices.
https://twitter.com/BitcoinMagazine/status/1935493026052456751 Trigger for Bitcoin Super Cycle?
As we can see from the post above, this event may finally be taking place. Trump announced that the Senate just passed an incredible Bill that will make America the undisputed leader in digital assets. He says this bill is genius and will allow the US to own digital assets like never before. He promises massive investments and big innovation saying that the House will move fast, without delay to start accumulating, once the GENIUS Act is passed.
A response to the post confirms that the US is finally making a strong move, taking a full pivot into digital assets. Trump’s vocal support adds fuel to the bullish fire, and analysts are hoping to see the price of BTC follow suit. The community hopes this bill is not another empty promise and watches the markets carefully. The Fed announcing no rate cuts again could play into how the price of BTC can pump next.
