Trump Secures Congressional Support for GENIUS Act Aiming to Lead Global Digital Asset Industry

President Donald Trump has garnered support from 11 out of 12 congressional members to advance the GENIUS Act, a legislation aimed at establishing the United States as the global leader in digital asset development and regulation. This move is part of a broader strategy to secure American dominance in the rapidly evolving digital assets industry.

During a White House meeting on July 15, Trump confirmed the commitments from Congress. Speaker of the House of Representatives Mike Johnson, who participated virtually, expressed enthusiasm for a swift vote on the bill. Trump emphasized the urgency of the situation, describing it as a critical moment for the country's leadership in financial technology.

The GENIUS Act is designed to implement a strategic shift that maintains American control over the digital assets industry. Trump highlighted that this legislation would place the U.S. far ahead of its rivals, including China and European Union countries. The President also noted the growing bipartisan support for the bill and urged the entire Republican party to back it.

In addition to the GENIUS Act, Trump declared May as "Crypto Week," signaling a renewed focus on blockchain policy and innovation at the federal level. This initiative aligns with Trump's broader vision of making America the global leader in next-generation technologies.

As other nations, including those in Asia and the European Union, race to implement structured crypto policies, the White House is pushing for the U.S. to lead with clarity and strength. David Sacks, the White House advisor in charge of crypto and artificial intelligence policy, praised Trump for his personal involvement in the progress of the GENIUS Act, calling him the "dealmaker-in-chief."

Trump's stance on cryptocurrency has evolved from criticism to advocacy. He now supports incorporating digital assets into national economic planning and has accepted crypto donations for his 2024 candidacy. The GENIUS Act is expected to create a transparent ecosystem for digital innovation in the U.S., aligning with Trump's vision of American leadership in next-generation technologies.

With nearly all necessary congressional support secured, the GENIUS Act is poised for a vote that could redefine U.S. leadership in crypto. Trump's push for this legislation signals a strategic pivot in national policy, aiming to make America the global center of digital asset innovation. This move is part of a broader effort to ensure that the U.S. remains at the forefront of the digital assets industry, positioning it as a leader in the global market.