During the finalizing event, Trump highlighted the transformative ramifications of this brand-new law, mentioning, “This is truly a significant day. This represents a major advancement, and I want to extend my gratitude to Senator Bill Hagerty, a valued colleague, for his substantial role in the passage of this bill. This initiative will fortify America and deliver benefits for the nation.”
The President connected this legislation to his previous dedications worrying Bitcoin and cryptocurrency, remembering his noteworthy address at the Bitcoin Conference. “Earlier this month, many of you were in Nashville, Tennessee, when I became the first president ever to speak at the Bitcoin conference. I pledged to make the United States the crypto capital of the world, and this is a further step toward fulfilling that promise.”
In his remarks, Trump marked his administration’s techniques concerning digital properties, highlighting several crucial efforts. “In my first week in office, I established the inaugural presidential working group on digital assets. I halted the misuse of government against cryptocurrency, discontinued Choke 2.0, and facilitated the release of Ross Ulbricht.”
According to Trump, the legislation is prepared for to reinforce need for U.S. Treasuries. He repeated his opposition to reserve bank digital currencies, asserting, “I remain fully committed to my pledge to prohibit a central bank digital currency in America.”
D. Sacks, the AI & Crypto Czar, highlighted the historical significance of the minute at the event. “Today marks another monumental legislative milestone, taking us closer to establishing the United States as the global leader in the cryptocurrency space. The GENIUS Act will create an environment ripe for dominance in the crypto industry by outlining explicit regulations.”
In conclusion, the President ensured the audience that extra crypto legislation is upcoming this year, determining it as “a highly dynamic industry” and signaling continued momentum for Bitcoin and digital property developments in America.
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