Trump: “We Will Not Allow Iran to Obtain Nuclear Weapons”

Speaking before members of Congress, Trump claimed that Iran’s nuclear capacity had previously been dismantled but alleged that Tehran intends to restart the program. He stated that all options remain on the table regarding Iran, stressing diplomacy as his preferred route while not ruling out military action.

In his speech, Trump said:

“Right now, all options are on the table… I will never allow Iran to obtain nuclear weapons. We completely destroyed Iran’s nuclear weapons program. But they want to restart it. My primary preference is diplomacy… But the world’s number one state sponsor of terrorism cannot possess nuclear weapons.”

Trump also claimed that Iran has been developing missile capabilities capable of reaching the United States and stated that Washington would take a firm stance on this matter. The former president also addressed the Russia-Ukraine war, which has been ongoing since 2022. Emphasizing efforts to end the conflict, Trump drew attention to the high monthly casualties. He said, “We are working very hard to end the war in Ukraine. Twenty-five thousand soldiers are dying every month. If I had been president at that time, this war would not have happened,” criticizing the current administration’s policies.

Emphasis on the Economy and Tariffs

Trump also evaluated the U.S. economy in his remarks. He argued that import tariffs have made a significant contribution to economic recovery, revitalized domestic production, and strengthened American industry. He described tariffs as a crucial tool for reducing the trade deficit and protecting the domestic market. Calling the Supreme Court’s decision to cancel certain tariffs “unfortunate,” Trump stressed that trade policy plays a vital role in economic growth. He stated:

“Tariffs brought our economy back to life. America’s golden age has begun. Modern income tax will, to a large extent, be replaced by tariffs.”

These remarks signaled a continued commitment to protectionist trade policies and were interpreted as an indication that more aggressive steps could be taken in U.S. trade and tax policy in the near future.

Assessment

Trump’s speech before Congress signaled that the United States intends to maintain a firm stance on global security issues, particularly regarding Iran’s nuclear program and the war in Ukraine. His message that “all options are on the table” concerning Iran has raised concerns about increasing geopolitical risks. Meanwhile, tariffs and trade policies remain central priorities in his economic approach moving forward.

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Stablecoins Must Now Be Fully Backed by Reserves 

The regulation requires stablecoin issuers to hold 100% reserves. The law mandates that stablecoins be fully backed only by U.S. dollars or similar liquid assets. This ensures market stability while increasing investor confidence. Annual independent audits will be introduced, especially for large issuers, emphasizing transparency. The new regulation applies not only to domestic companies but also to foreign-based stablecoin issuers. Foreign firms wishing to operate in the U.S. must now comply with certain guidelines, ensuring quality control for market entrants. 

Risk Control Obligations for Tech Giants 

Tech companies like Meta and Amazon want to issue stablecoins. However, the law imposes a strong risk control system requirement on these firms, limiting potential risks to the financial system. The law also clearly outlines a framework for corporate stablecoin issuance. 

Concerns were raised about uncertainties surrounding foreign issuers, insufficient anti-money laundering measures, and the possible consequences of corporate stablecoin projects. At the center of debates were Donald Trump’s ties to the crypto sector. 

How Will the Trump Administration Approach the Bill? 

The GENIUS Act passed the Senate with bipartisan support from both Democrats and Republicans, signaling rare political consensus on crypto regulations. As the bill moves to the House of Representatives, all eyes turn to the Trump administration. During Senate debates, Democrats voiced concerns about foreign issuers, anti-money laundering measures, and the potential impacts of corporate stablecoin projects. Central to the discussions were allegations of conflicts of interest involving former President Donald Trump’s connections to crypto ventures. 

Bill Now in the House of Representatives 

The Senate-approved bill now moves to the House, where it remains unclear whether the GENIUS Act will be merged with the previously proposed STABLE Act. This phase is expected to conclude within a few weeks. With this move, the U.S. aims to set global standards in the digital finance market. 

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Trump’s Second Term: Crypto and Institutions’ Convergence

Trump ushered in a new era of softening in crypto regulations in the US. It mobilized major financial players, especially Bank of America and Coinbase. With Donald Trump’s promise to “make the US the crypto capital”, the trump cards started to be redistributed in the cryptocurrency market. Many problems have been encountered in the past due to the harsh attitudes towards the cryptocurrency market, especially by the SEC. There have been many crypto lawsuits due to the SEC’s distrustful view of crypto. With the 47th US President Donald Trump taking office, there has been a softening in the view of US institutions towards cryptocurrencies and mobilized the institutions.

Regulatory Hurdles Are Lifting, New Opportunities For Crypto

The Trump administration started by giving the sector a breather by withdrawing the restrictions imposed on the cryptocurrency market by the SEC, Federal Reserve and OCC. In particular, the step that removed the “supervisory permission” requirement for banks’ crypto transactions accelerated the federal banking license applications of companies such as Circle, Paxos and BitGo. Adam Shapiro, co-founder of Klaros Group, said: “This rule was the biggest obstacle to innovative projects. Now crypto companies will be able to control their own financial infrastructure.

Wall Street Giants Enter the Stablecoin Market

Bank Of America is preparing to launch a dollar-backed stablecoin. Brian Moynihan, CEO of Bank Of America, said, “If we get regulatory approval, we will step in immediately.
PayPal promises its users a 3.7% annual return with the PYUSD stablecoin, while Stripe is testing global stablecoin payments by acquiring the Bridge platform.
Standard Chartered and Fidelity also announced the launch of digital asset infrastructures.

With 47th US President Donald Trump’s support for cryptocurrencies, the global interest in cryptocurrencies is increasing with each passing day. Cryptocurrencies, which were previously not welcomed by corporate firms due to their price fluctuations and digital nature, have now started to be preferred. It is predicted that much bigger steps will be taken in this regard in the coming months.

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