President Donald Trump hailed the GENIUS Act as America’s path to becoming the “undisputed leader in digital assets

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The legislation, which would establish a federal framework for the issuance and trading of stablecoins, was described by Trump as "incredible" and a path to making "America the UNDISPUTED Leader in Digital Assets."

President Donald Trump celebrated the move on Truth Social, writing: The Senate just passed an incredible Bill that is going to make America the UNDISPUTED Leader in Digital Assets — Nobody will do it better, it is pure GENIUS! Digital Assets are the future, and our Nation is going to own it. We are talking about MASSIVE Investment, and Big Innovation. The House will hopefully move LIGHTNING FAST, and pass a “clean” GENIUS Act. Get it to my desk, ASAP — NO DELAYS, NO ADD ONS. This is American Brilliance at its best, and we are going to show the World how to WIN with Digital Assets like never before!