Trump Claims Victory for GENIUS Act

In a significant development, United States President Donald Trump has announced that he has secured the necessary votes to pass the GENIUS Act. This landmark legislation aims to establish a federal oversight system for US dollar-pegged stablecoins, marking a pivotal moment in the regulation of digital currencies.

Support from Congress

"I am in the Oval Office with 11 of the 12 Congressmen/women necessary to pass the GENIUS Act and, after a short discussion, they have all agreed to vote tomorrow morning in favor of the Rule," Trump shared on Truth Social. The announcement comes in the wake of House Republicans' unsuccessful attempt to advance a procedural motion for a related digital asset bill.

Acknowledgment and Optimism

Expressing his gratitude, Trump said, "I want to thank the Congressmen/women for their quick and positive response. MAKE AMERICA GREAT AGAIN!" Speaker of the House Mike Johnson, participating via telephone, has shown eagerness to proceed with the vote at the earliest opportunity.