Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below.

U.S. President Donald Trump on Tuesday publicly called on all Republicans to vote in favor of the GENIUS Act, a sweeping crypto bill aimed at positioning the United States as the global leader in digital assets during what is now being billed as “Crypto Week.”

What Happened: Taking to social media platform Truth Social, Trump said, “Happy Crypto Week! The House will soon VOTE on a tremendous Bill to Make America the UNDISPUTED, NUMBER ONE LEADER in Digital Assets – Nobody does it better!”

Calling the GENIUS Act “tremendous,” Trump said it would put the U.S. “lightyears ahead of China, Europe, and all others,” and asked that “ALL REPUBLICANS SHOULD VOTE YES!”

Trending: Tired of Grid Failures and Charging Deserts? This Startup Has a Solar Fix and $25M+ in Sales — Now Raising at $3/Share

The move signals his administration’s growing embrace of crypto-friendly policy, setting a sharp contrast with regulatory approaches under previous leadership.

“It is all part of Making America Great Again, BIGGER AND BETTER THAN EVER BEFORE,” Trump stressed in idiosyncratic fashion.

Why It Matters: The GENIUS Act, short for Guiding Enhanced National Innovation for Unified Standards, is expected to clarify how cryptocurrencies are regulated across federal agencies.

Provisions in the bill address key industry issues like token classification, stablecoin frameworks, and U.S. competitiveness in blockchain development.

See Also: Invest early in CancerVax’s breakthrough tech aiming to disrupt a $231B market. Back a bold new approach to cancer treatment with high-growth potential.

This vote comes amid “Crypto Week,” an unofficial term used by industry insiders to describe the flurry of legislative and executive activity this week in support of digital assets.

Alongside the GENIUS Act, additional bills are expected to clarify how securities laws apply to blockchain tokens and establish new rules for stablecoin issuance.

While not expected to impact price action in major currencies like Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH), the bills will impact the regulatory framework cryptocurrencies like XRP (CRYPTO: XRP) operate under.

The GENIUS Act is seen by supporters as the first concrete step toward creating a U.S.-led digital economy infrastructure.

House lawmakers are expected to vote on the bill later today.

Read Next:

• Named a TIME Best Invention and Backed by 5,000+ Users, Kara’s Air-to-Water Pod Cuts Plastic and Costs — And You Can Invest At Just $6.37/Share

• If there was a new fund backed by Jeff Bezos offering a 7-9% target yield with monthly dividends would you invest in it?