President Trump Strongly Demands Enactment of the GENIUS Act, Praises It as a 'Brilliant Bill'

On the 19th, President Trump issued a statement regarding the cryptocurrency regulation bill 'GENIUS Act', which was passed by the U.S. Senate yesterday. He praised the bill as 'incredibly fantastic' and 'pure genius', describing it as legislation that would solidify the U.S. as an 'unshakeable leader' in the field of cryptocurrencies. The GENIUS Act received bipartisan support (51-23) in the Senate on Wednesday. This bill represents a critical first step at the federal level focusing on the regulation of stablecoins. It marks the first time the Senate has passed a significant cryptocurrency-related bill with bipartisan support. The bill was introduced by Republican Bill Hagerty...