Donald Trump asks Stablecoins Law “as soon as possible”

The president of the United States, Donald Trump, urged the House of Representatives on Wednesday to approve as soon as possible the National Innovation Orientation and Establishment Law for Stablecoins, known as Genius. Through a publication, the president requested that the project be sent to his desk as soon as possible for his signature.

«The camera should move at the speed of lightning and approve a genius ‘clean’ law. This has to reach my desk as soon as possible, without delays or extensions, ”Trump wrote, who He described the initiative as a sample of the “American brightness to its maximum expression”.

The comment takes place one day after the Senate approved the project with 68 votes in favor and 30 against, after weeks of debate focused on aspects such as consumer protection and national security. The proposal thus went to the House of Representatives, where it must be discussed and subject to a new vote.

Promoted by senators Bill Hagerty and Tim Scott, the law proposes a strict regulatory framework for Stablecoins issuers. It establishes that these cryptoactives must be backed 100% for US dollars or equivalent liquid assets, and submit to regular audits.

Trump stressed that “the law will turn the United States into the undisputed leader in digital assets,” and said that “the country is at the gates of a stage of enormous investment and innovation.”

The president too He stressed that “digital assets are the future” and that the country must take this opportunity to mark the pattern globally.

The definitive approval of the Genius law would consolidate a regulatory framework that has received praise from both government officials and ecosystem figures, as reported cryptonotic.

According to its main driver, Senator Bill Hagerty, the regulations will promote the incorporation of Stablcoins backed into dollars in the international financial system, thus strengthening the position of the US currency against competitors such as Yuan and the euro.

If the Chamber approves the proposal without modifications, this will be sent directly to the president to sign. Otherwise, a conference committee will be formed to unify both versions before submitting the final text to a new vote.

Genius not only represents a decisive step for the regulation of stablcoins in the United States, but could also redefine the financial panorama at the international level. Its definitive approval would serve as a model for other jurisdictions that seek normative clarity in the use of digital assets.

In Latin America, where the use of cryptocurrencies grows in response to economic instability, This regulation could facilitate access to safer and reliable financial instruments. However, it also raises challenges for local issuers and could generate friction with countries whose regulatory frameworks are not aligned with those of the United States.