Mogadishu (Dawan Africa) – U.S. President Donald J. Trump is pushing for swift action on the GENIUS Act, a piece of legislation that aims to cement the United States as a leader in the rapidly evolving digital asset sector. In a post shared on his Social Truth platform on July 15, 2025, Trump emphasized the importance of the bill, stating that it will propel the U.S. ahead of global competitors like China and Europe in the race for digital asset dominance.
"Digital Assets are the FUTURE, and we are leading by a lot!" Trump declared, rallying Republicans to support the bill. He stressed that the legislation would create an environment conducive to innovation, further establishing the U.S. as a global powerhouse in blockchain technology and digital currencies.
The GENIUS Act is designed to streamline regulatory frameworks and foster growth in the digital asset space. According to President Trump, the bill would unlock new opportunities for American businesses and investors, positioning the U.S. at the forefront of a technology sector with significant economic potential. The bill is set to be voted on in the coming hours, with Trump urging a quick resolution.
As the digital asset industry expands, countries are racing to establish their regulatory frameworks and attract investment. President Trump’s remarks highlight the U.S. government’s commitment to maintaining leadership in this critical sector, which has the potential to reshape financial systems and global trade.
The outcome of the vote on the GENIUS Act could have lasting implications, not only for the U.S. economy but also for the future of digital asset regulation worldwide. As legislators prepare to cast their votes, all eyes are on the House to see if the bill will move forward and redefine America’s role in the digital economy.
