President Trump has signed into law the Generative and Institutional National Infrastructure for United States Act (GENIUS Act), establishing a foundational regulatory framework for stablecoins and blockchain innovation.
The landmark legislation introduces comprehensive standards targeting stablecoin issuance and operation, while also incentivizing the integration of blockchain technology into the nation’s payment infrastructures. Key objectives include reducing systemic risks associated with widespread crypto adoption and aiming to bolster U.S. dominance in the burgeoning crypto industry.
The signing drew strong support from leading cryptocurrency executives. Coinbase CEO Brian Armstrong and Circle CEO Jeremy Allaire publicly endorsed the legislation, underscoring its importance for the sector’s growth. Vice President JD Vance and House Speaker Mike Johnson also voiced their approval.
David Sacks, recently appointed as a special advisor overseeing AI and cryptocurrency policy for the Trump administration, emphasized the act’s dual intent. He stated it effectively balances the need for fostering technological innovation with establishing necessary regulatory oversight, positioning the U.S. to strengthen its leadership role in crypto.
The GENIUS Act is viewed as a significant step towards modernizing payment systems and enhancing competitiveness within the financial sector.