President Donald Trump on Wednesday urged the House to speedily pass the Senate’s GENIUS Act, saying it would help the United States become the world’s leader on crypto and digital assets.
The upper chamber approved the plan in a 68-30 vote on Tuesday. The plan would create guidelines for stablecoins and create a framework for private companies to issue digital dollars, according to CNBC.
“The Senate just passed an incredible Bill that is going to make America the UNDISPUTED Leader in Digital Assets — Nobody will do it better, it is pure GENIUS! Digital Assets are the future, and our Nation is going to own it,” he said on Truth Social.
“We are talking about MASSIVE Investment, and Big Innovation. The House will hopefully move LIGHTNING FAST, and pass a ‘clean’ GENIUS Act,” he added. “Get it to my desk, ASAP — NO DELAYS, NO ADD ONS. This is American Brilliance at its best, and we are going to show the World how to WIN with Digital Assets like never before!”
