📢 The President of the United States, #DonaldTrump, made an urgent call to the House of Representatives to approve the "GENIUS Act" on stablecoins "as soon as possible"! 🚀 In an explosive tweet, Trump demanded that the bill be sent to his desk.
This passionate call came just a day after the Senate greenlit the bill with a powerful majority of 68 votes in favor. Now the ball is in the House's court, where it will need to be discussed and voted on. Trump was generous with praise for the initiative, assuring that he will "turn the U.S. into the undisputed leader in digital assets" and that the country is on the brink of "a phase of enormous investments and innovations". He even proclaimed that "digital assets are the future" and that the U.S. must lead the way! 🌟
The GENIUS Act, initiated by Senators Hagerty and Scott, proposes a strict regulatory framework for stablecoin issuers, requiring 100% backing in dollars or equivalent liquid assets and regular audits. Its approval would support regulatory clarity in the sector, which has received praise from officials and figures in the ecosystem. Senator Hagerty emphasizes 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 bill without changes, it will go straight to Trump's desk for signature! Otherwise, versions will need to be reconciled. The GENIUS Act will not only mark a new era 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 that promotes innovation and investment?
#GENIUSActPass #PowellRemarks $BTC C $ETH $XRP 
