๐บ๐ธ๐ต ๐๐ง๐ช๐ข๐ฅ ๐๐ช๐จ๐๐๐จ ๐๐๐๐๐๐ ๐ผ๐๐ฉ ๐๐ค๐ง ๐พ๐ง๐ฎ๐ฅ๐ฉ๐ค ๐๐๐๐๐๐ง๐จ๐๐๐ฅ
โ What Happened:
Donald Trump just backed the GENIUS Act โ a major stablecoin bill passed by the Senate โ and is urging the House to approve it quickly with no changes.
๐ Why It Matters:
This law will create the first-ever US rules for stablecoins (crypto tied to the US dollar), giving companies clear legal ground to operate in the US โ and making America more competitive in crypto.
๐ฃ๏ธ Trump called it:
โIncredible... Pure GENIUS. Itโll make America the undisputed leader in digital assets!โ
๐ Whatโs in the Bill:
โ Legal framework for USD-backed stablecoins
โ Rules for issuers and compliance
โ Designed to protect users and attract innovation
โ Supported by both Republicans & some Democrats
โ ๏ธ Whatโs the Debate?
โ Some House Republicans want to attach more crypto rules to this bill
โ But Trump + Senate say: "Pass it clean and fast โ or risk delays"
โ If the bill is changed, it must return to Senate and might not pass in time
๐ Whatโs Next:
โ House must vote on the bill
โ If passed without changes โ goes to Trumpโs desk for signature
โ Deadline push: Before July 4
๐ฏ Key Goal:
Make the US the #1 country for digital asset innovation by setting up clear stablecoin laws โ faster than Europe or Asia.