Chainlink price up as Trump asks House to “get GENIUS” on his desk ASAP
Chainlink price is slightly up in early trading on Thursday. This comes as Trump asks the House to “get GENIUS” on his desk ASAP. Chainlink’s technology could be massive for stablecoin adoption. Chainlink’s LINK token is among the few across the crypto market to trade green on Thursday morning as it rides optimism around the […] The post Chainlink price up as Trump asks House to “get GENIUS” on his desk ASAP appeared first on CoinJournal.
- Chainlink price is slightly up in early trading on Thursday.
- This comes as Trump asks the House to “get GENIUS” on his desk ASAP.
- Chainlink’s technology could be massive for stablecoin adoption.
Chainlink’s LINK token is among the few across the crypto market to trade green on Thursday morning as it rides optimism around the GENIUS Act.
LINK price hovered around $13.16 at the time of writing, up 1% in the past 24 hours.
This comes as various industry players laud the US Senate for passing a landmark stablecoin bill.
President Donald Trump has now urged House lawmakers to swiftly pass the legislation, posting on Truth Social: “Get it on my desk ASAP!”
The bill, which cleared the Senate on Tuesday, aims to regulate dollar-pegged stablecoins, cementing their role in the digital economy.
Investors see Chainlink’s infrastructure as pivotal to this shift, a scenario that could boost LINK’s price.
Trump lauds Senate on GENIUS Act
On Tuesday, the US Senate passed the GENIUS Act with a 68-30 vote, a historic win for the crypto industry.
The legislation, officially the Guiding and Establishing National Innovation for US Stablecoins Act, establishes federal guardrails for stablecoins, ensuring full reserve backing, monthly audits, and anti-money laundering compliance.
Trump praised the Senate’s move, saying, “this is American brilliance at its best”.
Crypto journalist Eleanor Terrett shared Trump’s post via X.
