The US Senate adopted the law on engineering law on Wednesday with a vote of 68-30 in a major boost for the stablecoins-cryptocurrencies supported by the reserve which received a momentum from the Donald Trump administration in America. The next stage of the Act on Engineering will be the adoption in the House of Representatives of the United States, where the members have prepared their own version of a bill on the regulation of stablescoin, the stable act.
Despite the challenges, the adoption of the law on engineering in the American Senate led to an increase in the price of the Circle of Crypto exchange operators. According to exchange data, the share price of Circle Internet Group increased by 33.82% when closing the market on Wednesday. In pre-commercial activity, Circle’s share price increased by 24.75% to $ 211.87 each at 1:35 p.m. on Friday. The US markets were closed Thursday for the National Day of Independence of Juneteenth 2025.
Stablecoins, or cryptocurrencies backed by raw materials, have increased in market capitalization to $ 251.7 billion so far in 2025, marking a 22% increase this year, Reuters reported on Wednesday, citing industry data. The adoption of the law on the law on engineering in the American Senate is supported by multiple measures taken by the administration of the American president Donald Trump – of the announcement of a strategic cryptography reserve for the promotion of the sympathizer of the cryptocurrency Paul S Atkins as president of the regulator of the American markets, of the Securities and Exchange Commission. Trump’s family interests in the cryptocurrency are well known and were mentioned in the Senate discussions after the deposit of the Act on Engineering.
What the American Treasury Secretary Scott Bessent said on the Stablecoins
In view of the adoption of the law on engineering law in the American Senate, the US Treasury Secretary, Scott Bessent, said in an article on social networks on X that “stablecoins could become a market of 3.7 billions of dollars by the end of the decade”.
Recent reporting projects that stablecoins could become a market of $ 3.7 billions by the end of the decade. This scenario becomes more likely with the adoption of the act of genius.
A stable ecosystem of the flourishing reserve will stimulate the request of the private sector for American treasury bills, which will come back …
– The secretary of the Treasury Scott Bessent (@sescottbessent) June 17, 2025
In a podcast clip published on its page X, Bessent said that the crypto does not constitute a threat to the US dollar declaring that “stablecoins could strengthen supremacy of the dollar, because Stillecoins can end up being one of the greatest buyers of treasury bills …
By explaining how it can work, Bessent gave the example of how “suddenly if you use a stablecoin in Nigeria supported by the USD, you do not really need to have dollars that it is on your phone, you can transform (using stages to support a dollar) …”
Crypto is not a threat to the dollar. In fact, stablecoins can strengthen supremacy from the dollar.
Digital assets are one of the most important phenomena in the world at the moment, but they have been ignored by national governments for too long.
This administration is committed to … pic.twitter.com/vwslgyynw7
– The secretary of the Treasury Scott Bessent (@sescottbessent) June 18, 2025
“There is a very good chance that the crypto will actually be one of the things that lock up the supremacy of a dollar,” added Bessent.
Genius, stable and breed to regulate stablecoins
On Wednesday, the law of guide and establishment of national innovation for American stablescoins (engineering) was adopted by the US Senate with a vote of 68-30. The bill establishes railings for stablecoins with compliance proposals in order to ensure the prevention of money laundering, full support of cryptocurrencies by reserves and monthly audits.
Last week, Bessent told senators that the American Stablecoin market could increase by 8 times to 2 billions of dollars,
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CNBC reported. The Act on Engineering will then be tabled in the House of American Representatives which has its own version of the Stable Law Regulation Bill, stable law.
Transparency and the responsibility of Stablecoin for a better economy of the great book (stable) exercise the surveillance of stalins, or the cryptocurrency supported by the reserve under the measurement of the office of the Currency Controller in the United States, similar to the Act on Engineering.
However, a stable act differs from the act of engineering in terms of limitation of the reserve support requirements to an asset cover such as US treasury bills in addition to restricting which can issue stabbed, according to Jeff Reundlet, responsible for the accounting strategy at Cryptio, provider of large book services for cryptocurrencies.
However, the bill on stable law cannot go far enough, according to an article written by partners of the Orock law firm.
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Although the bill aims to create a single regulatory framework for potential transmitters and excludes the payment statements of federal securities on securities, it can allow the regulators of the State to monitor Stillencoins sparks can be supported by exchanges of approved intermediaries, wrote Nathaniel Reisenburg, partners of management.
The interests of Trump’s cryptography
US President Donald Trump went to his social social media platform after the US Senate adopted the law on engineering law, declaring it “to make America the undisputed leader in digital assets – no one will do it better, it’s pure genius!”
“Digital assets are the future, and our nation will own it. We are talking about massive investments and major innovations,” added Trump.
In his interview with the podcast, Bessent reiterated the Trump administration’s commitment to digital assets, while adding that “because there are so many other things that happen around digital assets … This is one of the most important phenomena that occur around us in the world and the United States ignored it (under the Biden administration).”
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Trump reversed his position on the cryptographic assets of his first mandate, and even published his own namecoin to burn his references as a funder of virtual digital assets. Cryptocurrency donors also contributed generously – around 20 million dollars – by electing what is considered a Pro -Crypto congress during cycle 2024, CNBC reported.
Trump Crypto Empire
In a recent statement, Trump has revealed profits of more than $ 600 million from interests such as crypto, golf clubs and license agreements outside other companies.
According to public disclosure, the American president won around $ 320 million from his $ Trump Memecoin. Trump also fired $ 400 million from the World Liberty Financial platform for cryptocurrencies that is supported by his children. The American president won $ 57.35 million thanks to the sale of digital tokens at WLF. He would also have owned more than 15 billion governance tokens in WLF.
The other crypto companies linked to Trump include exchanged funds negotiated via the vertical vertical truth of Truth Social.fi and the extraction firm of Crypto American Bitcoin, reported CNBC.
Cryptographic diplomacy and counter-the -larization
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The group of pirates Gonjeshke Darande, Persian for “ sparrow predator ”, with potential links with Israel, erased $ 90 million from the largest Iranian crypto exchange Nobitex, reported Reuters, citing a telegram post by the group.
The attack was confirmed in the application by Nobitex, according to the report.
The hackers have wiped the exchange of a range of digital parts, from Bitcoin to Ethereum and Dogecoin, said Andrew Fierman, head of national security intelligence in Chainalysis, the Newswire reported.
Last month, the WLF linked to the Trump family signed a pact with Pakistan Crypto Council to stimulate the adoption of cryptocurrency in the country, a few days after accepting a cease-fire with India the day after the Sindoor operation, which was launched by New Delhi to target terroral camps on the other side of the border in response to a terrorist attack Pahalgam, Kashmir who killed 26 Indian tourists.
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In addition to these cases of cryptocurrencies playing a key role in diplomacy as well as hostilities, digital tokens are also used to strengthen the supremacy of the US dollar, as Bessent above pointed out. By formalizing the issuance of stables, supported by the dollar, the United States apparently hides its bets in a world where key savings pass to products such as gold because they intend to suppress their assets of volatility linked to the USD.
The American sanctions against Russia following the declaration of war against Ukraine involved the frost of Russian currencies worth $ 300 billion, triggering a risk approach among countries around the world.
In 2023, Russian President Vladimir Putin called for dis-dollarization, urging the grouping of the BRICS to promote colonies in national currencies and to extend the bank’s cooperation to the bank.
Trump warned the Brics against such a decision that could potentially harm the dollar. In a statement in February, Trump boasted that he had warned the Nations of Brics to refrain from disordering disproportionate or disproportionate rates.
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The Stablecoin route should boost the dollar by promoting the use of the cryptocurrency fixed to the greenback. It remains to be seen if it will be adopted around the world.
