“The House will hopefully move lightning fast and pass a ‘clean’ GENIUS Act,” Trump said on social media. The president pressed Congress to take this step to ensure the U.S.’s leadership in the newly emerging sector of digital assets, a key part of the second Trump administration’s agenda.

In a 68-30 vote on Tuesday evening, the Senate overwhelmingly passed the GENIUS Act with bipartisan support. Eighteen Democrats joined the majority of Republicans in passing the bill, which is the first to establish a federal regulatory framework for stablecoins, crypto tokens that are pegged to the value of the US dollar.