US President Donald Trump made a statement regarding cryptocurrency regulations that are scheduled to be discussed in Congress this week.
Announcement of 'Crypto Week'
President Trump designated this week as 'Crypto Week' on his social media account, where he stated that the United States should become a global leader in the field of digital assets.
Statement on the GENIUS Act
Trump emphasized that the House of Representatives will vote on a monumental bill that will make America the undisputed leader in digital assets. 'We will work with the Senate and House to pass more legislation,' Trump added.
Reminder about the TRUMP Token
The TRUMP token, a memecoin, has made headlines as it was launched three days before Trump's inauguration and was listed on the top cryptocurrency exchange Coinbase within just one day. However, concerns exist regarding potential price manipulation due to large holdings of the token by Trump and his associates.
Trump's statements on cryptocurrencies and engagement in legislation may significantly impact the market and the development of digital assets in the US.
