During the signing of the landmark GENIUS Act, President Trump launched a spectacular verbal assault on BRICS, calling the bloc a “little group fading fast”, accusing it of trying to dethrone the US dollar. He reaffirmed his threat of a 10% tariff on any country joining the alliance, claiming the measure “hit them very hard” and caused BRICS attendance to collapse. Trump emphasized the GENIUS Act’s role in cementing American leadership in crypto and finance, proudly noting, “They named it after me!”
He portrayed the protection of the dollar's reserve status as vital—comparable to “not losing a World War.” Meanwhile, the newly passed law establishes regulatory clarity for stablecoins, bolstering US dominance in digital currency while rejecting central bank digital currency. Trump delivered his usual bombast: BRICS must never “play games with us.” Critics point out there's little evidence BRICS plans a dollar coup, but Trump’s economic war strategy is on full display.
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