Donald Trump is once again actively mocking rivals, pushing the US dollar supremacy back on the radar. Trump has issued another stark warning to BRICS, a ten-nation bloc trying to establish its dominance in the global economic hierarchy. BRICS has always envisioned a dollar-free world, spearheading efforts to reduce their dependence on the US dollar.
The bloc has also been accelerating de-dollarization drives, which have lately been impacting the dollar harder than ever before. The latest Trump warning has come in light of asserting his dominance, adding how the US dollar is truly irreplaceable and will go dormant in the future.
Also Read: US Dollar Still Accounts for the Majority of Global Reserves & Trade
Trump Mocks Rivals
Donald Trump has once again bellowed a stark warning to BRICS, an alliance that has long been vying for de-dollarization to take global hold. While signing the GENIUS Act into law, Trump was documented stating how BRICS is a little group “which is fading” very fast:
“There is a little group called BRICS, and it is fading out fast. BRICS tried and wanted to take over the dollar. And the dominance of the dollar and the standard of the dollar. I said to anybody in the BRICS consortium of nations. We are going to tariff you 10%, and they had a meeting the following day, and nobody showed up.”
He later vowed to strengthen the USD, adding that losing the dollar’s supremacy is similar to losing a world war.
“We are not going to let the dollar slide… If we lost the status of the dollar as the world’s reserve currency. It would be like losing a world war. When I heard about this group of six countries in BRICS. I hit them very hard, and if they ever really form in a meaningful way, it will end very quickly…”
#WATCH | US President Donald Trump says, "… This (The Genius Act) is really strengthening the US Dollar and giving the Dollar a great prominence. There is a little group called BRICS, and it is fading out fast. But BRICS tried and wanted to take over the Dollar and the… pic.twitter.com/wG6GEe8OOs
— ANI (@ANI) July 18, 2025
How Does the GENIUS Act Help the US Dollar in the Long Haul?
The Genius Act has been finally signed into law. This new law has been drafted keeping the growing sector of cryptocurrency in mind, while leveraging the power of stablecoins to achieve US dollar-to-dollar dominance. The act will inject the US dollar’s legitimacy in the global domain.
As StrongHSx reveals:
“The Genius Act is a historic milestone. It sets clear rules for crypto. Modernizes payment systems, and strengthens the dollar’s global dominance through a digital version 1:1 backed by reserves in US banks.”
Blockchain technologies will power the next generation of payments, and the U.S. dollar is coming onchain.
— Treasury Secretary Scott Bessent (@SecScottBessent) July 18, 2025
Thanks to President Trump’s visionary leadership, and @SenatorHagerty's important work in Congress, the GENIUS Act will help cement the U.S. dollar as the global reserve…
Also Read: Why ASEAN Isn’t Using the US Dollar as Much Anymore
