I pledged that we would bring back American liberty and leadership and make the U.S. the crypto capital of the worldâThe Genius Act creates a clear and simple regulatory framework to establish and unleash the immense promise of dollar-backed stablecoinsâ¦
Video transcript
This afternoon, we take a giant step to cement the American dominance of global finance and crypto technology as we sign the Landmark Genius Act. I pledge that we would bring back American liberty and leadership and make the United States the crypto capital of the world, and that's what we've done. The Genius Act creates a clear and simple regulatory framework to establish and unleash the immense promise of dollar-backed stablecoins. This Genius Act will unlock American dominance in the crypto industry by creating clear rules of the road. It will update archaic payment rails with a revolutionary new payment system, and it will extend U.S. dollar dominance, like you said, globally. This is a huge promise made and promise kept by President Trump. We have a dealmaker in chief, and it's because of your vision, your leadership, your determination, your skill that we're all here today, so thank you very much, President Trump. And today, signing the future of crypto and the crypto industry, the U.S. dollar working together is going to be stronger and bigger and better than ever before. Thank you, everybody, very much.
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