Trump: Congress Should Pass a Fair Version of the 'CLARITY Act' On August 20, U.S. President Donald Trump @realDonaldTrump stated during an event at the White House with tech industry leaders that the U.S. has launched a 'crypto initiative' to promote the adoption of blockchain technology in financial markets and establish a strategic Bitcoin reserve, making Bitcoin a permanent asset of the U.S. Treasury. He mentioned that the 'GENIUS Act' was named after his own characteristics, as he didn’t want to directly use his own name, so he called it the 'GENIUS Act.' This act has paved the way for the widespread adoption of dollar stablecoins. Trump then urged Congress to pass a fair version of the 'CLARITY Act,' stating that it would keep the U.S. ahead and open the door to the next wave of innovation. Source: The White House