Catenaa, Monday, July 21, 2025- President Donald Trump on Friday signed the GENIUS Act into law, marking the United States’ first comprehensive federal regulation of cryptocurrency.
The legislation, aimed at the $250 billion stablecoin market, is widely seen as a turning point in integrating digital currencies into the American financial system.
The GENIUS Act (Guiding and Establishing National Innovation for US Stablecoins) establishes a legal framework for banks, nonbanks and credit unions to issue stablecoins backed one-for-one by US dollars and Treasury assets.
It also sets clear definitions and regulatory standards for what constitutes a stablecoin, aiming to ensure consumer protections and financial stability.
The bill passed the House last Thursday with bipartisan support with 206 Republicans and 102 Democrats, after last-minute negotiations resolved objections from a group of GOP holdouts. The president said he personally called dissenting members to secure support.
White House officials, including Vice President JD Vance and crypto advisor David Sacks, praised the effort.
Financial leaders from firms such as Tether, Gemini and Robinhood attended the East Room signing ceremony.
Trump said the law would modernize U.S. finance and “strengthen the dollar” by ushering in a new era of digital asset innovation.
The GENIUS Act is one of three crypto-focused bills passed during what Republicans are calling “Crypto Week.” The Clarity Act and Anti-CBDC Surveillance State Act were also approved, targeting broader digital asset regulation and restricting federal digital currency issuance.
The White House dismissed concerns about conflicts of interest tied to Trump family crypto holdings, noting the assets are held in a blind trust.
