Trump calls for quickly adopt the genius act: StableCoin law should be provided for signing as soon as possible

Trump calls for quickly adopt the genius act: StableCoin law should be provided for signing as soon as possible
US President Donald Trump urges the genius act for stablecoins
President Donald Trump asked Congress to quickly promote the genius act. This draft law aims to create a legal framework for stable coins in order to regulate their use and integration into the financial system.
stablecoins, digital currencies that are linked to foot currencies or other assets are becoming increasingly important and often use blockchain technology. The introduction of the genius act could help create clearer regulations and thus to strengthen trust in digital currencies.
Trump said that the law should be presented immediately for signature, which indicates the urgency with which he would like to advance this regulation. If the genius act was quickly adopted, this could have far-reaching effects on the financial sector and promote the growth of the digital currency market.
The discussion about stablecoins and their regulation is particularly relevant against the background of the increasing use of cryptocurrencies and digital financial technologies. It remains to be seen how the congress reacts to Trump's request and what measures are taken to ensure the integration of stable coins into the existing financial system.