Trump Signs Landmark Crypto Bill—Historic Victory for Stablecoins
On July 18, 2025, President Donald Trump signed the GENIUS Act into law at the White House, marking the first major federal framework for stablecoins—cryptocurrencies pegged to the U.S. dollar. The bipartisan legislation sets clear standards for issuers, requiring full reserves, monthly audits, and anti‑money‑laundering compliance Political Wire+15The Verge+15Investors+15.
Surrounded by top crypto executives (Coinbase, Circle, Tether) and key GOP lawmakers — including Sens. Bill Hagerty and French Hill, and Speaker Mike Johnson — Trump described this as “perhaps the greatest revolution in financial technology since the birth of the Internet” Politico+2Politico+2CBS News+2.
Beyond stablecoins, this law launches what was dubbed “Crypto Week” in Congress: two additional bills passed by the House focus on broader crypto market structure and banning a Fed-issued digital dollar Politico+5Investors+5AP News+5. Those now await Senate approval.
Why It Matters
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Regulatory clarity aims to strengthen investor confidence and streamline crypto adoption New York Post+15Politico+15AP News+15.
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Market impact: The global crypto valuation briefly rose above $4 trillion, with Bitcoin, Ether, and altcoins surging New York Post.
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Potential conflicts: Critics highlighted waived ethics rules—Trump’s family excluded from the law’s restrictions, raising concerns due to their holdings in World Liberty Financial Politico+2AP News+2The Verge+2.
