Former President Trump hails 'massive' crypto investment following Senate passage of the GENIUS Act, aiming to make America a leader in digital assets.
The legislation establishes regulatory framework for stablecoins and is seen as a way to attract institutional capital to the crypto market.
Treasury Secretary Scott Bessent predicts crypto playing a key role in maintaining U.S. dollar supremacy, with stablecoins potentially becoming major buyers of U.S. Treasurys.
The Genius Act is viewed as a strategic move by Trump's administration to advance crypto adoption and innovation, positioning digital assets as the future.
As regulatory clarity increases and political backing grows, there is anticipation for the legislation to stimulate massive investment and innovation in the crypto market.
The post on Truth Social is part of a broader initiative to highlight the significance of the Genius Act and its potential impact on the financial sector.