Donald Trump took to social media to celebrate the Genius bill’s approval - calling it “pure GENIUS” and declaring that the U.S. will be the “undisputed leader in digital assets.”
Author: Sahil Thakur
Just hours after the U.S. Senate passed the long-awaited GENIUS Act, former President Donald Trump took to social media to celebrate the bill’s approval – calling it “pure GENIUS” and declaring that the U.S. will be the “undisputed leader in digital assets.”
In a post dated June 18, Trump urged the House to move “LIGHTNING FAST” and pass a “clean” version of the legislation without delays or amendments. “This is American brilliance at its best,” he wrote, vowing to show the world how to win with digital assets.
The GENIUS Act, short for “Guiding and Establishing National Innovation for U.S. Stablecoins,” passed the Senate with a strong 68–30 bipartisan vote on June 17. The bill is widely considered the most comprehensive U.S. regulatory framework for stablecoins to date.
The act also includes ethics rules, requiring lawmakers and senior officials to disclose stablecoin holdings above $5,000—but stops short of applying these rules to the President and family members.
The crypto industry reacted strongly:
Analysts suggest the bill could lead stablecoin issuers to hold as much as $1.2 trillion in short-term Treasuries by 2030—potentially reshaping liquidity dynamics in U.S. debt markets.
Big brands like Meta, Visa, Walmart, and Amazon are actively exploring stablecoin strategies. Some plan to issue their own tokens for faster payments and settlements. The bill’s dual-track system could enable traditional and tech companies to participate—if they meet the compliance threshold.
Before becoming law, the GENIUS Act must pass the House of Representatives. It may be merged with or reconciled against the STABLE Act, another regulatory framework under discussion.
If both chambers align, the bill heads to President Trump’s desk, where he is expected to sign it “ASAP”, likely before the August congressional recess.
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