Donald Trump Signs GENIUS Act Into Law: “They Named It After Me”

Key Points

1. The GENIUS Act, officially named the Guiding and Establishing National Innovation for U.S. Stablecoins Act, was signed into law by President Trump on July 18, 2025.

2. Trump humorously noted the act was named after him, calling it a 'hell of an act' and thanking the crypto community for their efforts.

3. The act passed the House of Representatives with a 308-122 vote, despite pushback from some Democrats, including Congresswoman Maxine Waters, who criticized it for legitimizing 'crypto scams.'

4. The crypto community largely praised the GENIUS Act, viewing it as a landmark victory for crypto legislation.

5. The act was part of a broader legislative push, including the CLARITY Act and the Anti-CBDC Act, considered in the House of Representatives the same week.