Trump Signs GENIUS Act Into Law, Ushering In Crypto’s Integration With US Economy
2025-07-18 19:32:03
Main Idea
President Donald Trump signed the GENIUS Act, the first major U.S. crypto legislation, establishing regulatory clarity for stablecoins and reinforcing the U.S. commitment to crypto innovation without a central bank digital currency (CBDC).
Key Points
1. The GENIUS Act was signed into law by President Trump, marking the first major U.S. legislation for stablecoins and crypto regulation.
2. The bill bans central bank digital currencies (CBDCs) and was celebrated by crypto industry leaders, including Coinbase, Circle, and Kraken executives.
3. The legislation faced bipartisan support but encountered temporary opposition from some Republicans before passing.
4. The GENIUS Act provides regulatory clarity for stablecoins, though broader crypto market structure legislation is still pending in Congress.
5. Industry figures, including Robinhood CEO Vlad Tenev, emphasized the need for further regulatory clarity on tokenized securities and private equity.
Description
President Trump signed the stablecoin bill at a flashy ceremony attended by industry leaders, just a day after the legislation was passed by Congress.
Latest News
- Tether's CEO Says USDT Is Coming to America—And Circle’s CEO Isn’t Afraid2025-07-18 22:17:17
- Public Keys: Coinbase and MSTR Break Records, and Who's Holding Strategy's Bitcoin Billions?2025-07-18 21:36:17
- XRP Leaves Dogecoin Chasing Its Tail, Ethereum in the Ether: Analysis2025-07-18 21:20:56
- Bitcoin Dominance Sinks as Ethereum, XRP Rise2025-07-18 20:45:39
- Trump Signs GENIUS Act Into Law, Ushering In Crypto’s Integration With US Economy2025-07-18 19:32:03