News View Non-AMP

GENIUS Act Will Make America the UNDISPUTED Leader in Digital Assets, Says Donald Trump

Published by
Debashree Patra and Nidhi Kolhapur

Donald Trump is backing the GENIUS Act, a newly passed Senate bill focused on regulating stablecoins. He called it a brilliant step forward and urged the House of Representatives to pass it quickly, without adding anything new.

Trump posted on Truth Social, saying this bill would make the United States the “undisputed leader” in digital assets and could bring major investment and innovation. He made it clear he wants the bill on his desk “lightning fast,” with “no delays, no add-ons.”

GENIUS Act Sets First Stablecoin Rules

The GENIUS Act, recently passed by the Senate in a 68-30 vote, is the first US bill focused on stablecoins, digital tokens tied to the US dollar. It calls for full 1:1 reserve backing, proper licenses, and strong anti-money laundering checks. The bill also limits how issuers can use reserves, aiming to prevent risky practices and protect consumers.

While most House Republicans support regulating stablecoins, some are considering combining the GENIUS Act with a larger cryptocurrency bill. That broader package would define how digital assets are regulated across different agencies. However, Trump has warned against this approach, saying it would slow down progress and risk losing momentum.

Senator Hagerty Wants Bill Signed Before July 4

Senator Bill Hagerty, who sponsored the bill, agrees with Trump’s call for speed. He hopes to have the law signed before the Fourth of July. He also warned that adding new parts or merging them with other bills could delay approval in the Senate, where 60 votes are needed.

Political Tensions Still in Play

Although the bill has passed now, some Democrats have still voiced concerns. Senator Elizabeth Warren claimed the bill could benefit Trump’s family due to their ties to stablecoin projects, such as USD1. Others, like Senator Mark Warner, raised issues but admitted that the US can’t afford to fall behind in the global digital asset race.

While the bill is widely accepted, big institutions and banks are ready to enter once these rules come into effect. The goal is to make US dollar-backed stablecoins globally competitive, especially against Asian regulators. With Trump backing the bill, social media is buzzing with some excited for clear rules and new investment, while others worry about politics and rushing the process.

Debashree Patra and Nidhi Kolhapur

Fun-loving and cheerful, a passionate blockchain and crypto writer who knows no boundary…connect if you share the same passion. With 10+ years of writing experience, I am a Crypto Journalist by chance, exploring, and learning all the dynamics of the sci-fi action-filled crypto world. Currently, focusing on cryptocurrency news and price data. With a passion for research and challenging my capabilities, I am slowly getting into the crypto arena to bring new insights every day.

Trust with CoinPedia:

CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.

Investment Disclaimer:

All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.

Sponsored and Advertisements:

Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.

Recent Posts

The Tragic $3M XRP Story Every Investor Should Hear Before Their Next Transfer

A viral YouTube video this week revealed how a U.S. investor lost 1.2 million XRP,…

October 22, 2025

Kadena (KDA) Drops Over 61% Today After Kadena Organization Announced Its Closure

Kadena (KDA) price has recorded its worst single-day loss since inception. The small-cap altcoin dropped…

October 22, 2025

Ethereum Foundation Moves $650M ETH to a Wallet Used for Selling Amid Low ETF Demand

The Ethereum Foundation (EF) has transferred over $650 million worth of ETH to a wallet…

October 22, 2025

Brale Goes Live on XRP Ledger, Big Boost for Stablecoins and Payments!

Brale, a platform that lets businesses create their own stablecoins, is now live on the…

October 22, 2025

Altcoin Season on the Horizon? Analysts Predict a Major Breakout Ahead

After months of Bitcoin dominance keeping altcoins in check, crypto analysts now believe the long-awaited…

October 22, 2025

Why Is Crypto Market Up Today? Bitcoin Teases $114k

The crypto market, led by Bitcoin (BTC) and Ethereum (ETH), is on the rise. The…

October 21, 2025