Trump’s GENIUS Act Won’t Knock UAE Off Crypto Throne
The US
passed its landmark GENIUS Act, bringing President Trump one step closer
to his pledge of making the US the “crypto capital of the world.”
Unfortunately for Trump, no matter what his administration does, I’m
afraid these efforts will be in vain. For me, the UAE will always be the real
homeland of crypto.
The act,
which Trump signed in July, is just more crypto-positive legislation from
the States and a critical part of his administration’s mission to push the US
up the DeFi podium.
TRUMP: 🇺🇸 “The Golden Age of America is upon us, with today’s signing.”
President Trumps signs the Genius Act signaling the first of Stablecoin legislation. pic.twitter.com/JD2TtV0p9b
— CoinDesk (@CoinDesk) July 18, 2025
