In a bold move signaling his administration’s unwavering support for cryptocurrency, President Donald J. Trump has declared this week “Crypto Week,” coinciding with a pivotal vote in the U.S. House of Representatives on the groundbreaking GENIUS Act. The announcement, made via a vibrant post on X at 11:38 AM EDT today, has ignited excitement among crypto enthusiasts and industry leaders alike, positioning the United States as a global frontrunner in digital asset innovation.
A Presidential Endorsement of Crypto Innovation
The post, shared by @realDonaldTrump and highlighted by @JakeGagain, exuberantly proclaims, “HAPPY CRYPTO WEEK! The House will soon vote on an undisputed, number one LEADER in Digital Assets – Nobody does it better!” Trump went on to tout the GENIUS Act (Growing Economic National Innovation Using Stablecoins Act) as a cornerstone of his vision, asserting, “The GENIUS Act is going to put our great Nation lightyears ahead of China, Europe, and all others, who are trying endlessly to catch up, but they just can’t do it.” He urged all Republicans to vote “YES” this afternoon, framing the legislation as a historic moment for American economic leadership.
This proclamation aligns with Trump’s well-documented pro-crypto stance. Just months ago, on March 6, 2025, he signed an executive order establishing a Strategic Bitcoin Reserve, a move aimed at leveraging seized bitcoin as a national asset, as reported by CNBC. Additionally, Trump Media & Technology Group’s recent $2.5 billion stock sale in June 2025 to fund a bitcoin reserve underscores the administration’s commitment to integrating cryptocurrency into the economic fabric, according to The Hill.
Crypto Week: A Legislative Milestone
The timing of Trump’s announcement is no coincidence. The U.S. House Committee on Financial Services, led by Chairman French Hill (AR-02) and Agriculture Committee Chairman GT Thompson (PA-15), designated the week of July 14th as “Crypto Week” to advance key legislation. Today’s anticipated House vote on the GENIUS Act follows the Senate’s decisive 68-30 passage of the bill on June 17, 2025, which focused on regulating stablecoins—a critical step toward mainstream crypto adoption, as noted by The Hill.
The GENIUS Act, the result of months of bipartisan negotiations, has been praised for its clarity and consumer protections. Senate Banking Committee Chairman Scott emphasized its importance in a June statement, calling it a “bold step forward for financial innovation and American leadership.” The House vote, expected this afternoon, is seen as a make-or-break moment to solidify these gains, with Trump rallying his party to ensure its passage.
Industry and Public Reaction
The X thread following the announcement reflects a mix of enthusiasm and opportunism. Users like @fastpCalyps0 and @farrrrtboy highlighted the market’s bullish response, with mentions of emerging tokens like $RollSafe and $FARTBOY, complete with screenshots of surging prices. Others, such as @Samanth44053637, succinctly endorsed the move with “America bet on crypto. Enough said,” capturing the sentiment of a nation poised to embrace digital currencies.
However, the post’s bold claims and Trump’s characteristic flair have also sparked debate. Critics may question the feasibility of outpacing global competitors like China, which has been aggressively developing its digital yuan. Yet, the administration’s proactive approach—bolstered by the April 9, 2025, Digital Assets Subcommittee hearing to align securities laws with crypto—suggests a strategic intent to lead the charge.
What’s Next?
Should the House pass the GENIUS Act today, the legislation will head to the Senate for final approval, potentially cementing a new era for U.S. digital assets. Trump’s vision extends beyond this vote, with plans to work with the Senate to pass even more ambitious legislation, as he hinted in his post: “We are leading the World, and will work hard to get even more legislation on this passed!”
As the clock ticks toward this afternoon’s vote, all eyes are on Capitol Hill. Whether this marks the beginning of a crypto revolution or a temporary surge in market hype, one thing is clear: President Trump has once again placed cryptocurrency at the forefront of his agenda, declaring with confidence, “This is our moment – Digital Assets, GENIUS, Clarity! It is all part of Making America Great Again, BIGGER AND BETTER THAN EVER BEFORE.”
