"The House will soon VOTE on a tremendous Bill to Make America the UNDISPUTED, NUMBER ONE LEADER in Digital Assets," the president said in a post on Truth Social.
The GENIUS Act's advancement reflects growing bipartisan focus on the race for technological dominance with China. While the United States has overseen explosive data center and cryptocurrency market growth, Chinese investments in renewable energy, electric vehicles, and digital infrastructure are rapidly outpacing its rivals. In the digital arms race for artificial intelligence, the U.S. still holds the lead in AI but China is rapidly closing the distance with firms like DeepSeek to become a major player in the industry.
