Former President Donald Trump has commended the Senate's passage of the GENIUS Act, a bill designed to regulate stablecoins such as Tether and USD Coin. Trump called on Congress to expedite the bill's approval process, highlighting its potential to position the U.S. as a leader in digital assets and drive significant investment and innovation. The GENIUS Act, which aims to establish a regulatory framework for dollar-pegged cryptocurrencies, is anticipated to pass by the end of summer. The bill has sparked debate, with the cryptocurrency industry largely supporting it, while some experts express concerns over potential systemic risks to U.S. banks. Treasury Secretary Scott Bessent suggested the legislation could help stablecoins expand into a $3.7 trillion market by 2030. Despite opposition from figures like Sen. Elizabeth Warren, who argues it could increase corruption, the bill successfully passed a closure vote last month.