Background: U.S. President Donald Trump is actively promoting the swift passage of the GENIUS Act in the House of Representatives, aiming to consolidate the United States' leadership position in the digital asset sector.Main Events: Trump praised the Senate for passing the bill and urged the House not to amend its content, calling for rapid approval to avoid delays. If the House passes the unamended version, the bill will be directly sent to Trump for signing into law. The House may attempt to merge the bill with its own STABLE Act, which could cause delays.Impact and Significance: The passage of the bill is regarded as a major milestone for U.S. digital asset innovation, driving up related companies' stock prices and boosting market confidence. The bill provides legal clarity for stablecoin issuance, helping to reduce regulatory uncertainty and promote innovation. Trump emphasized the importance of stablecoins in maintaining the U.S. dollar's global dominance.
Background: U.S. President Donald Trump is actively promoting the swift passage of the GENIUS Act in the House of Representatives, aiming to consolidate the United States' leadership position in the digital asset sector.Main Events: Trump praised the Senate for passing the bill and urged the House not to amend its content, calling for rapid approval to avoid delays. If the House passes the unamended version, the bill will be directly sent to Trump for signing into law. The House may attempt to merge the bill with its own STABLE Act, which could cause delays.Impact and Significance: The passage of the bill is regarded as a major milestone for U.S. digital asset innovation, driving up related companies' stock prices and boosting market confidence. The bill provides legal clarity for stablecoin issuance, helping to reduce regulatory uncertainty and promote innovation. Trump emphasized the importance of stablecoins in maintaining the U.S. dollar's global dominance.
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