#GENIUSActPass
If the Chamber approves the GENIUS proposal as it is, it will be sent directly to President Donald Trump for his signature or veto. However, if changes are introduced, a conference committee will be formed to unify the versions of the Senate and the Chamber, which must then approve the final text identically before sending it to the leader.
Trump, who has publicly supported the project multiple times, as reported by CriptoNoticias, has stated that he hopes the GENIUS law will be ready for his signature before August.
It is a historic regulation for cryptocurrencies and the dollar
"With GENIUS, the United States is one step closer to becoming the world capital of cryptocurrencies," commented the project's creator senator, Hagerty, upon the Senate's approval.
"This bill will consolidate the dominance of the U.S. dollar, protect customers, increase demand for U.S. Treasury bonds, and ensure that innovation in the digital assets sector is in the hands of the United States, not our adversaries"
Bill Hagerty, Republican senator and promoter of GENIUS.
The legislator emphasized that the GENIUS Law facilitates the adoption of cryptocurrencies by traditional finance and marks the beginning of a new generation in payment processing.
Trump, who has publicly supported the project multiple times, as reported by CriptoNoticias, has stated that he hopes the GENIUS law will be ready for his signature before August.
It is a historic regulation for cryptocurrencies and the dollar
"With GENIUS, the United States is one step closer to becoming the world capital of cryptocurrencies," commented the project's creator senator, Hagerty, upon the Senate's approval.
