๐ข Trump's Bold Crypto Move: GENIUS Act on the Fast Track! ๐บ๐ธ๐
Big news for crypto lovers! ๐คฏ US President Donald Trump is pushing for the GENIUS Act, a new law focused on stablecoins ๐ต. Itโs already passed in the Senate (68-30), and now all eyes are on the House of Representatives ๐๏ธ.
Trump called the bill a "pure genius", saying it will make the U.S. a global leader in digital assets ๐. He wants it on his desk ASAP with no delay, no add-ons โณ.
This bill demands: โ Full reserves
โ Licensing for issuers
โ Yearly audits for those over $50B
โ Strong global oversight ๐
If passed, it could attract huge investments ๐ฐ and spark innovation in the crypto space ๐.
Trumpโs message is clear: "Weโre ready to lead the world in digital finance!" ๐โจ