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BTCC / BTCC Square / Global Cryptocurrency /
Trump Admires GENIUS Act: A Bold Move for U.S. Crypto Leadership

Trump Admires GENIUS Act: A Bold Move for U.S. Crypto Leadership

Global Cryptocurrency
Author:
Global Cryptocurrency
Release Time:
2025-06-19 12:28:02
0

President Donald TRUMP has publicly endorsed the GENIUS Act, calling it a "brilliant" legislative breakthrough to cement U.S. dominance in digital assets. The bill, passed by the Senate with a 68-30 vote, establishes strict stablecoin regulations, including 1:1 reserve collateral and robust anti-money laundering measures.

Trump emphasized the Act’s potential to attract investment and drive fintech innovation. Despite bipartisan support, the bill faces lingering friction over issuer reserve restrictions and licensing requirements.

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