What's up, my people. Everything good? There's a turn in the House of Representatives in the U.S. that is heating up, and it's that the GENIUS Act — the one that focuses on stablecoins — is going to be voted on again today. You know, the first attempt didn't pan out and the play slipped through their fingers, a blooper that no one saw coming.
But Trump,
who is throwing all the cards in favor of crypto, came out to say on his Truth Social that he has already squared things away with the leaders of the House, with President Mike Johnson, and that this time it's a done deal. The idea? To establish a legal framework for stablecoins so that everyone knows they are 1 to 1 with the dollar, and that they are not just smoke. It's about audits, liquidity backing each token, and serious control for those operating outside of the USA. The message is clear: to give confidence so that the dollar, through stablecoins, remains the king of the dance globally. 👑
This move is no small thing, my friends. If this happens, they are laying a solid foundation for the crypto ecosystem. It's no longer just a little game for those in the know, but it legitimizes itself as a serious tool for transactions, payments, and even for remittances. In fact, those who know about this are saying that this could accelerate the adoption of stablecoins in daily life and in international trade. So pay attention to the play because if they give the green light today, the market could get a huge boost from now until the end of the year. And they are not only going to focus on that, because other laws are also going to be voted on, like the CLARITY Act and the Anti-CBDC Act, so that the private sector has free rein to innovate.
The debate is on, my people. What do you all say? Is it going to be approved? And if it does, how big is the impact this is going to have? Stay tuned, because the movie continues. 🍿$TRUMP $USDC
