Trump posts on his social media app that he has secured the necessary votes.

genius vote 16 July 2025 trump

The GENIUS Act (Guiding and Establishing National Innovation for U.S. Stablecoins Act) is a bipartisan 2025 bill that would create the first federal regulatory framework for U.S.-dollar–pegged stablecoins—mandating strict reserve backing, regular audits, and clear oversight to protect consumers and stabilize the digital asset market

Source: Forex Live