Trump signs landmark stablecoin bill into law, as expected
2025-07-18 19:49:06
Main Idea
U.S. President Donald Trump signed the GENIUS Act into law, creating the first comprehensive regulatory framework for dollar-backed stablecoins in U.S. history.
Key Points
1. The GENIUS Act stands for Guiding and Establishing National Innovation for U.S. Stablecoins Act.
2. It is the first comprehensive law in U.S. history addressing dollar-backed stablecoins.
3. The act was signed into law by President Donald Trump on Friday.
Description
More on Stablecoins Stablecoins could reshape the yield curve, Apollo warns Stablecoins under scrutiny in China, warns against illegal fundraising Financial information for Tether USD Financial information for USDATA Corp.
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