US President Donald Trump urged the House on Wednesday to approve the National Innovation Orientation and Estab Coin’s Act as soon as possible, known as a genius. Through publications, the president requested that the project be sent to his desk as soon as possible for him to sign.
«The camera must move at lightning speed and approve the genius “clean” law. This requires me to reach my desk as soon as possible without delays or extensions,” Trump wrote. He described the initiative as a sample of “American brightness relative to its greatest expression.”.
Comments came after the Senate approved the project and then approved the project for 68 and 30 votes after weeks of discussion focusing on aspects like consumer protection and national security. The proposal therefore needs to be sent to the House of Representatives, where it is discussed and subject to new votes.
The law, promoted by Senator Bill Hagerty and Tim Scott, proposes a strict regulatory framework for stablecoins publishers. These cryptographic actions are 100% back on US dollars or equivalent liquid assets and establish that they must be submitted for regular audits.
Trump stressed that “the law transforms the US into an uncontroversial leader in digital assets,” and said “the country is in a phase of enormous investment and innovation.”
The president too He emphasized, “Digital assets are the future.” And countries must take advantage of this opportunity to mark patterns globally.
The decisive approval of the Genius Act would integrate the regulatory framework, which has been praised by both government officials and ecological figures, as reportedly encrypted.
According to main driver Sen. Bill Hagerty, the regulations will promote the incorporation of dollar-backed stubcoins in the international financial system and thus strengthen the US currency position against competitors such as the yuan and the euro.
If the Chamber of Commerce approves the proposal without amendments, this will be sent directly to the President and signed. Otherwise, a conference committee will be established to integrate both versions before sending the final text to a new poll.
Not only is the crucial step in regulating stubcoins in the US, genius also redefines financial panoramas at the international level. Its definitive approval serves as a model for other jurisdictions that seek normative clarity in the use of digital assets.
In Latin America, where cryptocurrency usage grows in response to economic instability, This regulation may make it easier to access safer and reliable financial products. But it also poses challenges for local publishers and can create friction with countries where regulatory frameworks are not aligned with the US framework.
