Weekly Crypto Regulation Roundup: Trump Signs GENIUS Act and SEC Eyes Tokenization Tweaks

Key Points

1. President Trump signed the GENIUS Act, which mandates 1:1 reserve backing for stablecoins and introduces federal licensing pathways for issuers.

2. The SEC is evaluating 'innovation exemptions' to reduce regulatory burdens on tokenization platforms and digital asset infrastructure providers.

3. Congresswoman Maxine Waters criticized the GENIUS and CLARITY Acts as reckless and harmful to consumers, accusing Trump of conflicts of interest.

4. The GENIUS Act passed the Senate with bipartisan support (68–30) but faced initial opposition in the House before a revised procedural motion passed 215–211.

5. The Act includes an 18-month rulemaking and compliance period for stablecoin issuers, while Democrats may challenge the new framework through judicial or state-level actions.