{"id":485910,"date":"2025-06-19T10:06:09","date_gmt":"2025-06-19T09:06:09","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=485910"},"modified":"2025-06-19T10:06:09","modified_gmt":"2025-06-19T09:06:09","slug":"donald-trump-urges-swift-genius-act-passage-to-dominate-digital-asset-space","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/donald-trump-urges-swift-genius-act-passage-to-dominate-digital-asset-space\/","title":{"rendered":"Donald Trump urges swift GENIUS Act passage to dominate digital asset space"},"content":{"rendered":"<p>President Donald Trump, who has interests in the stablecoin USD1 via his involvement in World Liberty Financial, has called on the US House of Representatives to move quickly on the GENIUS Act, a new bill aimed at regulating stablecoins and boosting America\u2019s role in the digital asset economy.<\/p>\n<p>In a June 19 <a href=\"https:\/\/truthsocial.com\/@realDonaldTrump\/posts\/114707090627277644\">post<\/a> shared on Truth Social, Trump demanded immediate action from lawmakers, saying he needed a clean version of the bill free from amendments or delays.<\/p>\n<p>He said:<\/p>\n<blockquote><p>&#8220;The House will hopefully move [at] LIGHTNING FAST [pace], and pass a &#8216;clean' GENIUS Act. Get it to my desk, ASAP \u2014 NO DELAYS, NO ADD ONS.&#8221;<\/p><\/blockquote>\n<p>The bill, formally known as the Guiding and Establishing National Innovation for US Stablecoins Act, received strong <a href=\"https:\/\/cryptoslate.com\/us-senate-approves-landmark-genius-act-for-stablecoin-regulation\/\">bipartisan backing in the Senate earlier this week<\/a>. It now awaits a vote in the House before reaching Trump\u2019s desk for final approval.<\/p>\n<p>Trump praised the Senate\u2019s support and positioned the legislation as a turning point for US financial leadership.<\/p>\n<p>He stated:<\/p>\n<blockquote><p>&#8220;[The Bill] is going to make America the UNDISPUTED Leader in Digital Assets \u2014 Nobody will do it better, it is pure GENIUS! Digital Assets are the future, and our Nation is going to own it. We are talking about MASSIVE Investment, and Big Innovation.&#8221;<\/p><\/blockquote>\n<h2>Stablecoins will drive dollar supremacy<\/h2>\n<p>US Treasury Secretary <a href=\"https:\/\/cryptoslate.com\/people\/scott-bessent\/\">Scott Bessent<\/a> also <a href=\"https:\/\/x.com\/SecScottBessent\/status\/1935404649718157691\">welcomed<\/a> the bill\u2019s progress, arguing that it could enhance the dollar\u2019s global strength rather than weaken it.<\/p>\n<p>According to him:<\/p>\n<blockquote><p>&#8220;Crypto is not a threat to the dollar. In fact, stablecoins can reinforce dollar supremacy.&#8221;<\/p><\/blockquote>\n<p>He cited recent forecasts projecting that the stablecoin market could grow to $3.7 trillion by 2030. Bessent believes a regulatory framework like the GENIUS Act would encourage more adoption of dollar-backed tokens, boosting demand for US Treasuries and potentially reducing federal borrowing costs.<\/p>\n<p>He <a href=\"https:\/\/x.com\/SecScottBessent\/status\/1935027160374210573\">wrote<\/a>:<\/p>\n<blockquote><p>&#8220;This newfound demand could lower government borrowing costs and help rein in the national debt. It could also onramp millions of new users\u2014across the globe\u2014to the dollar-based digital asset economy. It\u2019s a win-win-win for everyone involved.&#8221;<\/p><\/blockquote>\n<p>Considering this, Bessent emphasized that the Trump administration is committed to establishing the United States as a hub for digital asset innovation, adding that:<\/p>\n<blockquote><p>&#8220;The GENIUS Act moves us one step closer to that goal.&#8221;<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>President Donald Trump, who has interests in the stablecoin USD1 via his involvement in World Liberty Financial, has called on the US House of Representatives to move quickly on the GENIUS Act, a new bill aimed at regulating stablecoins and boosting America\u2019s role in the digital asset economy. In a June 19 post shared on [&hellip;]<\/p>\n","protected":false},"author":720,"featured_media":485930,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[77968,79915,29,77644,32631],"tags":[77226,80250,75695],"post_folder":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.9 (Yoast SEO v21.9.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Donald Trump wants immediate action on GENIUS Act<\/title>\n<meta name=\"description\" content=\"The GENIUS Act is poised to make the US a global leader in digital assets following its recent Senate approval.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/donald-trump-urges-swift-genius-act-passage-to-dominate-digital-asset-space\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Donald Trump urges swift GENIUS Act passage to dominate digital asset space\" \/>\n<meta property=\"og:description\" content=\"The GENIUS Act is poised to make the US a global leader in digital assets following its recent Senate approval.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/donald-trump-urges-swift-genius-act-passage-to-dominate-digital-asset-space\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2025-06-19T09:06:09+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/06\/donald-trump-geniusAct-.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Oluwapelumi Adejumo\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:site\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Oluwapelumi Adejumo\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/donald-trump-urges-swift-genius-act-passage-to-dominate-digital-asset-space\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/donald-trump-urges-swift-genius-act-passage-to-dominate-digital-asset-space\/\"},\"author\":{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/#person\",\"name\":\"Oluwapelumi Adejumo\",\"url\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/\"},\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/#authorimage\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/10\/profile-oluwapelumi-adejumo-1-300x300.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/10\/profile-oluwapelumi-adejumo-1-300x300.jpg\",\"caption\":\"Oluwapelumi Adejumo\"},\"jobTitle\":\"Senior Reporter\",\"description\":\"Oluwapelumi values Bitcoin's potential. 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