Passed with overwhelming bipartisan support, the GENIUS Act cements America’s leadership in fintech innovation. At the White House ceremony, Trump praised the bill as “perhaps the greatest financial technology revolution since the internet.”

What Is the GENIUS Act?

The GENIUS Act—short for Guiding and Establishing National Innovation for U.S. Stablecoins—sets guardrails around stablecoin issuance. These digital assets are backed 1:1 by U.S. dollars or Treasury securities, offering a more secure alternative to volatile cryptocurrencies like Bitcoin or Ethereum.

Supporters argue that stablecoins will modernize payment systems, allowing consumers to send and receive money instantly with fewer fees and greater efficiency.

Bipartisan Support and Strategic Maneuvering

Despite early opposition from conservative holdouts, the GENIUS Act cleared the House with 308 votes, including backing from 102 Democrats. President Trump played a crucial role in salvaging the bill, personally calling lawmakers to shift votes.

“They just want a little love,” Trump said, noting that every one of the original 12 holdouts eventually pledged support after his outreach.

Crypto Leaders Applaud Trump’s Leadership

Executives from major crypto firms attended the signing, including Robinhood, Gemini, and Tether. David Sacks, now the White House’s AI and crypto czar, credited Trump for “stepping in and saving the bill.”

Vice President JD Vance was also instrumental in securing last-minute support, spending late nights on calls with lawmakers.

Financial System Faces 21st Century Upgrade

Trump emphasized that the GENIUS Act strengthens the dollar by allowing digital tokens to be backed with real assets. “This is not just about crypto,” he said. “It’s about giving our financial system the upgrade it needs.”

The act enables banks, nonbanks, and credit unions to issue stablecoins legally, creating enormous opportunities for innovation and expansion.

Crypto Week Delivers Multiple Wins

In addition to the GENIUS Act, two other crypto-focused bills passed Congress:

• The Clarity Act, establishing definitions for digital commodities

• The Anti-CBDC Surveillance State Act, blocking any federal retail central bank digital currency

Together, these measures give digital asset markets much-needed clarity and protect privacy.

A Shift in Financial Thinking

Trump described the GENIUS Act as validation for the crypto community, which faced years of skepticism. “You were mocked and dismissed,” he said. “Now, you’ve been proven right.”

This legislative victory opens the door for future advancements in blockchain, decentralized finance, and tokenized payments.

Controversy Around Trump’s Crypto Wealth

While critics question whether Trump’s family investments pose a conflict of interest, the administration maintains that assets are managed by a blind trust. Nevertheless, the surge in crypto markets has coincided with the president’s push to deregulate the industry.

Notably, longtime crypto backers like the Winklevoss twins—who endorsed Trump—were present at the White House celebration.

Funding Cuts Add to Legislative Wins

Trump also secured passage of a $9 billion rescissions bill to slash foreign aid and public broadcasting budgets. This included cuts to USAID and the Corporation for Public Broadcasting.

Republicans hailed it as a decades-in-the-making victory. “THIS IS BIG!!!” Trump posted on Truth Social.

Epstein Transparency Order Grabs Headlines

Just hours before the GENIUS Act was signed, Trump ordered the Justice Department to seek the unsealing of grand jury records in the Jeffrey Epstein case. He accused Democrats of exploiting the secrecy surrounding the case for political gain.

Attorney General Pam Bondi confirmed that she would file a motion with the court, though legal hurdles may delay the release.

Conclusion: Trump Solidifies Crypto Legacy

With the GENIUS Act, Trump has delivered on his promise to modernize the American economy. For the crypto industry, it’s a dream come true. For investors and innovators, it’s a green light to build the future of finance.

By eliminating red tape and establishing solid legal ground, the United States is now poised to dominate the global crypto landscape.

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