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#CryptoObservers
Donald Trump urged the House of Representatives to immediately approve the GENIUS Act stablecoin legislation and send the document to him for signing.
The President of the United States stated that the GENIUS Act will make the U.S. an independent leader in the field of digital assets, after which the country will show the world how to benefit from innovation.
After the Senate approved the document, investors felt encouraged. The stock of USDC issuer Circle rose by 40%, surpassing the $200 threshold.