#GENIUSActPass If the Chamber approves the GENIUS proposal as it is, it will be sent directly to President Donald Trump for his signature or veto. However, if changes are introduced, a conference committee will be formed to unify the versions from the Senate and the Chamber, which must then approve the final text in the same manner before sending it to the president.

Trump, who has publicly supported the project on multiple occasions, as reported by CriptoNoticias, has stated that he hopes the GENIUS law will be ready for his signature before August.

It is a historic regulation for cryptocurrencies and the dollar.

"With GENIUS, the United States is one step closer to becoming the world capital of cryptocurrencies," commented Senator Hagerty, the creator of the project, upon the Senate's approval.

"This bill will consolidate the dominance of the US dollar, protect consumers, increase demand for US Treasury bonds, and ensure that innovation in the digital asset sector remains in the hands of the United States, not our adversaries."

Bill Hagerty, Republican senator and promoter of GENIUS.

The legislator emphasized that the GENIUS Law facilitates the adoption of cryptocurrencies by traditional finance and marks the beginning of a new generation in payment processing.

Trump, who has publicly supported the project on multiple occasions, as reported by CriptoNoticias, has stated that he hopes the GENIUS law will be ready for his signature before August.

It is a historic regulation for cryptocurrencies and the dollar.

"With GENIUS, the United States is one step closer to becoming the world capital of cryptocurrencies," commented Senator Hagerty, the creator of the project, upon the Senate's approval.