{"id":32794,"date":"2025-06-20T07:01:32","date_gmt":"2025-06-20T07:01:32","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=32794"},"modified":"2025-06-20T07:01:32","modified_gmt":"2025-06-20T07:01:32","slug":"trump-hails-genius-act-as-the-key-to-us-digital-asset-supremacy","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=32794","title":{"rendered":"Trump Hails GENIUS Act As The Key To US Digital Asset Supremacy"},"content":{"rendered":"
\n

US President Donald Trump has thrown his weight behind the Senate\u2019s stablecoin bill, calling it \u201cpure GENIUS\u201d and urging the House to pass it \u201clightning fast.\u201d<\/p>\n

According to his Truth Social post, the Senate \u201cjust passed an incredible Bill\u201d that will make the US \u201cthe UNDISPUTED Leader in Digital Assets.\u201d He left no room for tweaks or delays, insisting on \u201cNO DELAYS, NO ADD\u202fONS.\u201d<\/a><\/p>\n

Trump Urges Quick Approval<\/strong><\/h2>\n

Based on reports, Trump wants a \u201cclean\u201d version of the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act<\/a> to sail through the House.<\/p>\n

He warned members like Congressman French Hill against altering the Senate text or folding it into a larger crypto package. The Senate approved the bill one day before his post, setting a clear deadline: get it to my desk \u201cASAP.\u201d<\/p>\n

\"\"<\/p>\n

House Faces Important Choice<\/strong><\/h2>\n

Representatives are weighing two paths. They can approve the Senate bill as is or merge it with a broader set of crypto rules<\/a>. French Hill and other House Republicans backed a similar measure in April, but this version has key differences on reserve requirements and registration steps.<\/p>\n

Some worry that a standalone vote could undercut efforts to address token securities, DeFi and exchange oversight all at once.<\/p>\n


\nSenate Seeks Early Win<\/strong><\/p>\n

Senator Bill Hagerty, the bill\u2019s sponsor, told reporters he hopes to send the GENIUS Act to Trump before July\u202f4th. He warned that if the House adds \u201cmarket structure\u201d language, the entire package would need to return for more Senate review.<\/p>\n

Months of tough talks in the upper chamber narrowly secured enough GOP support\u2014and some Democratic votes\u2014to pass the legislation under the 60\u2011vote threshold.<\/p>\n

Competition With Other Jurisdictions<\/strong><\/p>\n

According to industry experts, clear US rules could help stablecoin issuers like Circle and Paxos avoid a patchwork of state licenses. The EU, Singapore and Hong Kong are already drafting their own frameworks. Without swift action, these firms may relocate overseas, taking banking ties and talent with them.<\/p>\n

Based on reports from crypto<\/a> groups, lobbyists have ramped up calls for federal clarity. Some warn that piecemeal bills could leave gaps in reserve audits or consumer protections. Others argue a narrow stablecoin law is better than none\u2014and could pave the way for broader reforms later this year.<\/p>\n

Featured image from Unsplash, chart from TradingView<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

US President Donald Trump has thrown his weight behind the Senate\u2019s stablecoin bill, calling it \u201cpure GENIUS\u201d and urging the House to pass it \u201clightning fast.\u201d According to his Truth Social post, the Senate \u201cjust passed an incredible Bill\u201d that will make the US \u201cthe UNDISPUTED Leader in Digital Assets.\u201d He left no room for […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-32794","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/32794","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=32794"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/32794\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=32794"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=32794"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=32794"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}