Trump’s talented step: Donald Trump urged GOP to vote ‘yes’ for the digital asset bill; ‘All parts of Maga’ say
US President Donald Trump called for Republican to increase his full support for the Genius Act, aimed at regulating Stabecrims and claiming the US dominance in the digital asset space.In a post on his social media platform Truth Social, Trump wrote, “Happy Crypto Week! House will soon be unquestionable to America, number one leader will vote on a tremendous bill in digital assets – no one does it better – it does not improve! The Genius Act China, Europe, and all others are going to light up our great nations that are going to light up, which are going to do not trying to do so, who are not trying to do so. Are, but simply can’t do that, but they can’t just do it, but they can’t just do it. ““Digital assets are future, and we are moving a lot! Get the first vote of the afternoon (all Republicans should vote yes!). This is our moment – digital property, talent, clarity! This is part of making America again great, much larger and better than ever. ,The US President said that the US is leading the world and will continue to work with the Senate and House to move forward through more related laws.Earlier, Trump wrote that he met 11 out of 12 MPs, who were necessary to pass the Genius Act, and after a brief discussion, all agreed to vote in favor of the rule the next morning.Describing the bill as the foundation stone of his demand agenda, he said, “House speaker Mike Johnson was in a meeting via telephone, and is ready to get votes as soon as possible. I want to thank Congressmen/women for their quick and positive response. Make America great again!”
What is the Genius Act?
The Genius Act is a proposed law aimed at introducing the federal structure to regulate Stabecrim, Cryptocurrency, which is valued with assets like US dollars. The bill is designed to bring clarity and oversight to the rapidly growing digital asset market. Supporters say it balances the need for consumer protection with push to financial innovation, despite the ongoing political debate and concerns around transparency.Unlike volatile cryptocurrency such as bitcoin or atherium, stabechoin is widely used for digital payments, border transfers and decentralized finance (DEFI). The market has increased to about 250 billion dollars for stabechines, increasing concerns about financial stability and lack of regulation.The law determines the rules on how stablecoins are issued, the kind of reserves requiring them, and transparent issuers require. This introduces federal inspection to shut down legal gaps and prevent misuse by bad actors. Supporters believe that the bill brings the required clarity and safety measures to an industry that operates on a large scale without clear laws.
