- Trump’s GENIUS Act aims to position America as a crypto leader.
- GENIUS Act could propel U.S. ahead of global crypto rivals.
- Trump’s plan to secure American dominance in digital asset regulation.
President Donald Trump has secured support from 11 of the 12 congressional members needed to advance the GENIUS Act. This legislation is designed to position the United States as the world’s top authority in digital asset development and regulation.
On July 15, during a meeting in the White House, Trump confirmed the commitments to Congress. Speaker of the House of Representatives Mike Johnson, who participated virtually, stated that he was very keen on having the bill voted upon as quickly as possible. Trump termed the situation a crunch time in the country’s leadership of financial technology.
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This legislation has been packaged to make the GENIUS Act deploy a strategic shift to maintain American control in the fast-developing digital assets industry. As Trump stressed, the legislation would put the country in a very distant position compared to its rivals, such as China and European Union countries.
The President says there is growing bipartisan support for the bill. He thanked legislators for their quick response and urged the entire Republican party to support it.
Trump also took the time to proclaim that May will be the “Crypto Week,” indicating a new emphasis on the federal level regarding blockchain policy and innovation.
U.S. Targets Global Edge in Digital Asset Policy
As other countries race to implement frameworks for cryptocurrency regulation, the White House is pushing for the United States to lead with clarity and strength. Asian markets and the European Union have already introduced structured crypto policies, creating pressure for Washington to respond with urgency.
David Sacks, White House advisor in charge of crypto and artificial intelligence policy, hailed Trump. He called the President the dealmaker-in-chief and noted that the President has been personally involved in the progress of the GENIUS Act.
Trump has changed his stance on cryptocurrency since his previous criticism. A former critic of Bitcoin and digital assets, he now advocates incorporating them into national economic planning.
In his 2024 candidacy, he accepted crypto donations and promised to eliminate what he termed excessively burdensome rules.
The GENIUS Act responds to this change and is expected to make digital innovation a transparent ecosystem in the U.S. It also fits with Trump’s duplication of the overall message that America should rule the world in next-generation technologies.
Conclusion
With congressional support nearly secured, the GENIUS Act is moving toward a vote that could redefine U.S. leadership in crypto. Trump’s push signals a strategic pivot in national policy, aimed at making America the global center of digital asset innovation.
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