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Trump Hails ‘Massive’ Crypto Investment After Genius Act Clears Senate

  • 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.

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