U.S. President Donald Trump has declared that the Senate’s passage of the Genius Act will spark “massive” crypto investment, calling it a turning point that will secure America’s dominance in the digital asset space.
The comments, shared by Forbes, come amid renewed momentum in Bitcoin, which has surged past $100,000 following volatility linked to Trump’s “Liberation Day” tariffs.
“The Senate just passed an incredible bill that is going to make America the undisputed leader in digital assets,” Trump wrote on Truth Social. “Nobody will do it better. It is pure Genius.”
Formally known as the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act, the legislation sets a clear regulatory framework for dollar-backed stablecoins and is seen by analysts as a gateway for institutional capital to flow into crypto markets.
Trillions on the Horizon?
The latest rally comes alongside bold forecasts from Treasury Secretary Scott Bessent, who recently said crypto could play a central role in locking in U.S. dollar supremacy. According to Bessent, stablecoins may soon become major buyers of U.S. Treasurys, creating a mutually reinforcing loop between traditional finance and digital assets.
Trump’s administration has framed crypto adoption as strategic, with the Genius Act positioned as a legislative anchor for further policy and innovation.
“Digital assets are the future, and our nation is going to own it,” Trump added. “We are talking about massive investment and big innovation.”
As regulatory clarity grows and political support intensifies, Wall Street insiders and retail traders alike are now watching closely to see if the Genius Act becomes the catalyst that unlocks trillions in crypto market inflows.
Source
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/trump-hails-massive-crypto-investment-after-genius-act-clears-senate/