Global Dollar Dominance

Today, President Trump signed the GENIUS Act into law, a historic piece of legislation that will pave the way for the U.S. to lead the global digital currency revolution. pic.twitter.com/UCha4xpYZM

— Treasury Secretary Scott Bessent (@SecScottBessent) July 18, 2025

Blockchain technologies will power the next generation of payments, and the U.S. dollar is coming onchain.

Thanks to President Trump’s visionary leadership, and @SenatorHagerty's important work in Congress, the GENIUS Act will help cement the U.S. dollar as the global reserve…

— Treasury Secretary Scott Bessent (@SecScottBessent) July 18, 2025

… currency for generations to come.

President Trump keeps delivering historic victories. Today it was the signing of the GENIUS Act, which creates a legal framework for stablecoins.

This law will unlock American dominance in the crypto industry by creating clear rules of the road, reversing the… https://t.co/tpuRJx6fMc

— David Sacks (@davidsacks47) July 18, 2025

… regulation-by-prosecution approach of the last four years.

It will update archaic payment rails with a revolutionary new payment system based on blockchains.

And it will extend US Dollar dominance globally by creating a digital dollar that people all over the world can use.

For every digital dollar in a crypto wallet, there will be a traditional dollar reserved in a US bank account, creating trillions of dollars of demand for U.S. Treasuries.

This is a huge Promise Made, Promise Kept by President Trump. But if that were not enough, the House has passed CLARITY, the market structure bill, which President Trump has committed to support as it goes to the Senate.

President Trump promised to make the United States the Crypto Capital of the World and he has delivered on that promise. Thank you President Trump for your leadership!

✅ GENIUS ACT SIGNED INTO LAW

"The GENIUS Act creates a clear and simple regulatory framework to establish & unleash the immense promise of dollar-backed stablecoins. This could be perhaps the GREATEST revolution in financial technology since the birth of the internet itself." pic.twitter.com/CH5pnznAuf

— The White House (@WhiteHouse) July 18, 2025