Senate Passes Landmark Stablecoin Bill, Trump Declares America as Unrivaled Leader in Digital Assets
President Donald Trump has praised the Senate’s recent approval of a groundbreaking stablecoin bill, calling it a transformative measure that will establish the United States as the uncontested global leader in digital assets. The legislation, known as the GENIUS Act (Guiding and Establishing National Innovation for U.S. Stablecoins), passed the Senate with a 68-30 bipartisan vote and aims to create the first comprehensive federal regulatory framework for U.S. dollar-backed stablecoins.
Trump described the bill as “pure genius” and emphasized that “nobody will do it better,” urging the House of Representatives to swiftly pass a clean version of the bill without amendments or delays. He highlighted the bill’s potential to unleash massive investments and drive significant innovation in the digital asset sector, positioning the nation to dominate this emerging financial frontier.
The GENIUS Act mandates that stablecoins be fully backed by liquid assets such as U.S. dollars and short-term Treasury securities, with issuers required to disclose their reserve compositions monthly. This regulatory clarity is expected to encourage institutional participation and could expand the stablecoin market from its current $250 billion valuation to trillions, according to forecasts by Treasury Secretary Scott Bessent and other crypto market experts.
Trump’s administration views the legislation as a strategic move to reinforce U.S. dollar supremacy and foster a robust digital asset ecosystem. The bill’s passage in the Senate marks a significant milestone for the cryptocurrency industry, which has invested heavily in political advocacy to secure federal recognition and regulation.
With the House now tasked with approving the bill, Trump has called for rapid action to finalize the legislation and bring it to his desk, emphasizing that this is “American brilliance at its finest” and a demonstration of how the U.S. will lead and win in the digital asset space.
In summary, the GENIUS Act represents a pivotal step toward formalizing stablecoin regulation in the U.S., with President Trump championing it as a catalyst for massive crypto investment and innovation that will solidify America’s position as the undisputed leader in digital assets.
