Here’s the latest on Trump signing the GENIUS Act today — a major milestone in U.S. crypto regulation:
🎯 What it is: The Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act) creates the first federal framework specifically for stablecoins—cryptocurrencies pegged to assets like the U.S. dollar .
🏛️ Congressional passage: It first passed the Senate on June 17, 2025 (68–30), then the House on July 17, 2025 (308–122), with strong bipartisan support .
📅 Signed into law July 18, 2025: President Trump formally signed the bill today at a White House ceremony around 2:30 p.m. ET .
🧩 Key provisions:
Sets strict rules for reserves (1:1 liquidity), audits, monthly transparency, and licensing of banks, credit unions, and fintechs .
Empowers both federal and state regulators over stablecoin issuers .
🧭 Part of “Crypto Week”: Alongside GENIUS, the House approved two other bills: the Clarity Act (to delineate whether assets are securities or commodities) and the Anti‑CBDC Surveillance State Act (banning a Fed-issued digital dollar) . These now await Senate action.
💰 Industry impact:
Widely praised by the crypto sector and traditional banks (e.g., JPMorgan, Bank of America) as providing clarity and legitimacy .
However, critics caution that stablecoins lack FDIC protection, may carry unforeseen fees, raise consumer risks, and potentially benefit big tech and crypto investors—including Trump's family .
📈 Market reactions:
Crypto stocks climbed ahead of the signing. Bitcoin was around $119–122 K, with XRP, Ether, and Solana also posting gains .
This video captures Trump’s signing ceremony earlier today.
✅ Why it matters
The GENIUS Act is groundbreaking—it’s the first stand-alone cryptocurrency bill signed into U.S. law. It signals a clear pivot toward regulated and mainstream adoption of stablecoins. By allowing licensed financial institutions to issue digital dollars, it paves the way for broader crypto integration across banking and payments.