Short YouTube transcript excerpt of President Donald J. Trump and a second speaker at the signing of the "Genius Act" (dated July 18, 2025 in metadata). Speakers present the Act as establishing a clear regulatory framework for dollar-backed stablecoins, modernizing payment rails with a new payment system, and advancing U.S. dollar dominance in global finance; tone is celebratory and promotional.
This afternoon, we take a giant step to cement American dominance of global finance and crypto technology. As we signed the landmark Genius Act, I pledged that we would bring back American liberty and leadership and make the United States the crypto capital of the world. And that's what we've done. The Genius act creates a clear and simple regulatory framework to establish and unleash the immense promise of dollar backed stable coins.
This Genius act will unlock American dominance in the crypto industry by creating clear rules of the road. It will update archaic payment rails with a revolutionary new payment system and it will extend US Dollar dominance. Like you said, globally. This is a huge promise made and promise kept by President Trump. We have a dealmaker in chief and it's because of your vision, your leadership, your determination, your skill that we're all here today. So thank you very much, President Trump, for.
Today'S signing. The future of crypto and the cryp industry. The US Dollar working together is going to be stronger and bigger and better than ever before. Thank you everybody, very much. Thank. You.