Trump urged the U.S. House of Representatives to immediately vote on the GENIUS Act stablecoin bill. Which, let us remind you, was approved by the Senate on June 18.
The President of the United States calls for it to be sent to him for signature without delay:
The Senate just passed an incredible bill that will make America the UNDISPUTED leader in digital assets - no one will do it better, it's pure GENIUS! Digital assets are the future, and our country will lead it.
We are talking about COLOSSAL investments and big innovations. The House of Representatives, hopefully, will act INSTANTLY and pass the 'clean' GENIUS Act.
Send it to me on the table as soon as possible - WITHOUT DELAYS, WITHOUT ADDITIONS.
This is the best manifestation of American genius, and we will show the world how to WIN with digital assets like never before!
U.S. Treasury Secretary Scott Bessent stated that stablecoins can strengthen the global dominance of the dollar.
In his assessment, digital assets are one of the most significant phenomena of modernity, which national governments have ignored for too long. The GENIUS bill brings the States closer to becoming a center for innovation in digital assets.
Meanwhile, the Senate's passage of the bill has already pumped the stock price of the issuer of the key American stablecoin USDC, Circle. Which went public this month. The price has risen by +36% since June 18, surpassing the $200 mark.
And since Friday, June 13, while awaiting the Senate's approval of the bill, their stock price has already risen by +75%.
A topic worth exploring separately is how many crypto companies and companies with crypto reserves will still come to the stock market in this bull cycle and ultimately enter the S&P 500. Making the final pump of the index with exponential growth. Before a truly strong correction in both the stock and crypto markets on a full bear market. It looks like a quite realistic scenario.
