🚨 TRUMP IS BACK IN ACTION FOR THE #Stablecoins ! 🚀 CALLS ON THE HOUSE FOR "LIGHTNING SPEED" APPROVAL OF THE GENIUS ACT! 🏛️
📢 The President of the United States, #DonaldTrump , has made an urgent call to the House of Representatives to approve the GENIUS Act for stablecoins "as soon as possible"! 🚀 With an explosive tweet, Trump demanded that the bill reach his desk.
This impassioned plea comes just one day after the Senate gave the green light to the law with a solid majority of 68 votes in favor. Now, the ball is in the House's court, where it must be debated and voted on. Trump did not hold back his praise for the initiative, stating that it "will make the United States the undisputed leader in digital assets" and that the country is on the brink of a "huge stage of investment and innovation". He even proclaimed that "digital assets are the future" and that the U.S. must lead the way! 🌟
The GENIUS Act, driven by Senators Hagerty and Scott, proposes a strict regulatory framework for stablecoin issuers, requiring a 100% backing in dollars or equivalent liquid assets and regular audits. Its approval would be a boost for regulatory clarity in the sector, praised by officials and figures in the ecosystem. Senator Hagerty highlights that this law will promote the use of dollar-backed stablecoins internationally, strengthening the dollar's position against other currencies.
If the House approves the law without modifications, it will go straight to Trump's desk for his signature! Otherwise, versions will need to be unified. The GENIUS Act would not only mark a turning point in the regulation of stablecoins in the U.S., but it could also serve as a model for other countries.
🤔 Do you think we will finally see a clear and favorable regulatory framework for cryptocurrencies in the United States, fostering innovation and investment?
