President Donald Trump Officially Signs The GENIUS Act Into Law: What’s Next for Crypto?
2025-07-18 21:35:22
Main Idea
The GENIUS Act, signed into law by President Donald Trump, aims to regulate the stablecoin market and is seen as a significant milestone for the crypto industry.
Key Points
1. The GENIUS Act was enacted into law on July 18, witnessed by top crypto leaders including Tether CEO Paolo Ardoino and Coinbase representatives.
2. President Trump compared the significance of the GENIUS Act to the birth of the internet during the signing ceremony.
3. The Act is designed to regulate the stablecoin market, which had a net valuation exceeding $264 billion at the time of enactment.
4. SEC Commissioner Hester Peirce encouraged engagement with the Crypto Task Force to address regulatory needs under the GENIUS Act.
Description
The post President Donald Trump Officially Signs The GENIUS Act Into Law: What’s Next for Crypto? appeared first on Coinpedia Fintech News After passing the final House vote on Thursday, the GENIUS Act was enacted into law by President Donald Trump on Friday, July 18. The signing into law of the Genius Act was witnessed at the White House by top crypto leaders, including Tether (USDT) CEO Paolo Ardoino and Coinbase Global Inc. (NASDAQ: COIN) CEO Brian Armstrong. The landmark crypto legislation w...
Latest News
- Why Dogecoin (DOGE) Price is Surging Today?2025-07-19 10:04:14
- Why Pi Coin Price Remains Flat While Bitcoin Hits New Highs—What 2025 Holds2025-07-19 09:40:10
- Top 4 AI Models Predict Ethereum Price for Next Week2025-07-19 08:39:27
- XRP Price Prediction 2025- Analyst Sees $5+ As XRP Dominance Breaks Out2025-07-19 08:02:57
- El Salvador Hasn’t Bought Bitcoin Since December 2024, Says IMF Report2025-07-19 07:52:29