Historic Moment For Crypto As President Trump Signs GENIUS Act Into Law, Establishing Framework For Issuing And Trading Stablecoins

Key Points

1. President Trump signed the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act, fulfilling part of his promise to create U.S. crypto regulations.

2. The signing ceremony at the White House was attended by crypto insiders and high-ranking Republicans, with Trump calling it a major accomplishment of his presidency.

3. Industry leaders, including executives from Coinbase, Circle, Robinhood, Tether, Kraken, Gemini, and Ripple, were acknowledged for their contributions to the crypto community.

4. The GENIUS Act, along with the Market Clarity (CLARITY) Act and the Anti-CBDC Surveillance State Act, was passed by the U.S. House of Representatives and Senate before being signed into law.

5. The passage of the GENIUS Act is seen as a major win for the crypto industry, with many praising it as a watershed moment for crypto and the U.S. dollar.