GENIUS Act: Trump Wants To Move Quickly… Very Quickly

US President Donald Trump is urging Congress to swiftly pass the GENIUS stablecoin law. A race against time is underway to make the United States the world leader in digital assets. But does this haste hide personal interests?

Trump Eager in Front of a Historic Opportunity

Donald Trump does not mince his words. On Tuesday, just after the Senate voted on the GENIUS law, the president posted a direct message on Truth Social.

“The Senate just passed an incredible bill that will make America the undisputed leader in Digital Assets“, he wrote. He is now asking the House of Representatives to act “at lightning speed.”

This urgency is not trivial. The Senate voted massively: 68 in favor, 30 against. This is a clear victory for stablecoin supporters.

Now, the ball is in the House of Representatives’ court. Republicans have a slim majority there, enough to get the bill passed.

Why so much pressure? Trump wants to position America as the global leader in cryptocurrencies.

Senator Bill Hagerty, who supports the project, explains it simply:

This law will allow businesses and Americans to settle payments nearly instantaneously rather than waiting for days or sometimes even weeks.

In a world where speed matters, this is a major advantage.

The stakes go far beyond the United States. Other countries are creating their own rules for cryptocurrencies. America wants to impose its standards first. The Senate vote shows this ambition is taking shape.

Personal Interests Questioning Presidential Neutrality

But Trump’s haste raises questions. Senator Elizabeth Warren openly accuses him of conflict of interest. She claims that the president and his family could earn “hundreds of millions” of dollars with their own stablecoin if this law passes.

These accusations have solid grounds. In 2024, Trump earned 57 million dollars through World Liberty Financial. He also owns nearly 16 billion WLFI tokens. Part of this money comes from the sale of tokens linked to his image as president. The coincidence between his personal gains and his support for this law raises questions.

The legislative process itself is intriguing. Initially, an amendment was supposed to prohibit federal elected officials and their families from benefiting from stablecoins.

This amendment was never voted on. Democrats cry foul, calling it a “orchestrated maneuver.” Senator Merkley does not mince his words: “These laws legitimize what looks like a massive scam draped in the American flag.”

Legislation with Major Geopolitical Stakes

Despite the controversies, the GENIUS law marks a decisive step. It imposes 100% reserves, mandatory licenses, and strict controls over the use of funds. Issuers will have to limit their investments to safe assets, such as Treasury bonds.

As the number of stablecoin holders exceeds 160 million worldwide and transaction volumes hit record highs, this regulation is timely.

If adopted, this legislation could transform stablecoins into true instruments of monetary sovereignty. The House of Representatives holds more than just a bill in its hands: perhaps the very future of the dollar in a world undergoing tokenization.