US President Donald Trump evaluated the US Senate to pass the law of the Genius Act as a positive step. After this development, which supports the US pioneer in digital assets, Trump also called on the House of Representatives. He demanded that the House of Representatives be accepted quickly without any changes to the draft law passing through the Senate.
GENIUS ACT’s scope and targets
GENIUS ACT aims to regulate the digital asset sector in the USA and to lead the country in this field. The bill aims to put the activities of investors and businesses on a safer ground by providing a more open framework on digital assets. It is suggested that these regulations will pave the way for technological innovations and increase the competitiveness of the US in the field of digital economy.
The draft law brings more transparent and clear regulations especially about stablecoins and other digital assets. In addition, it is recommended that existing laws be adapted to digital assets in order to ensure that the sector grow in accordance with the standards. Thus, the concerns of both entrepreneurs and investors are trying to eliminate.
Trump’s call and its impact on the sector
Donald Trump said the bill should be enacted in the House of Representatives without wasting time and without additions. In his statements, he drew attention to the importance of implementing the bill in its current form. It was stated that the addition of new provisions to the bill could extend the process or lead to deviation from its main objectives.
Donald Trump: orum I want the bill to go through the House of Representatives quickly and without adding. This is an important step that will ensure that the US is ahead of digital assets. ”
Trump’s statements show the importance given to strengthening the legal infrastructure of digital assets in the USA. In the sector, it is said that the decrease in regulatory uncertainties can pave the way for investments and innovations. In addition, it is stated that the demand for the rapid issuance of the laws is important to ensure that the legislation does not fall behind in the face of technological developments.
The future of the law and expectations
The bill is currently waiting to be discussed in the House of Representatives. The details and possible effects of the bill among the members of the Assembly are discussed. With the rapid passage of the bill, the US claim to be a pioneer in the field of digital assets may be strengthened. However, it is foreseen that the process may be painful and different views may affect the content of the bill.
The stability of the regulations can increase the trust of investors and increase the interest in the sector. On the other hand, how the law will affect large sections and what changes in the digital asset market continue to be a matter of debate. Experts give opinions about the need to be careful during the implementation of the bill.
While the US is trying to progress in the field of digital assets, it is emphasized that international competition is also taken into consideration. It is thought that the US regulations in this field may also affect global markets. Sector stakeholders follow the process carefully and follow the developments closely.
Donald Trump’s support to Genius Act is considered an indication of the US’s desire to progress in the digital economy. If the law is adopted, a more predictable environment can be provided to investors and sector players. However, the future of the bill will be shaped depending on the decisions taken in the Parliament.
The steps taken towards the regulation of digital assets in the United States may contribute to the regulation of the sector both legally and functionally transparent and safe. If Genius Act is rapidly enacted, it is possible for the US to come to the fore in this area worldwide. The progress and possible effects of the law process will be more clearly seen in the coming period.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
