US EditionThe Trumps, Bitcoin Bull Run And Stablecoin Bill: This Week In Crypto
UNITED STATES, JUL 19 – Tether aims to comply fully with the GENIUS Act’s anti-money laundering and audit requirements while launching a U.S.-based stablecoin to compete with Circle’s USDC.
- On July 18, 2025, President Donald Trump signed the GENIUS Act into law in the East Room of the White House, establishing a national framework for U.S. dollar-backed stablecoins.
- On July 17, 2025, the U.S. House of Representatives passed the GENIUS Act by a 308–122 vote, cutting through regulatory ambiguity with a clear one-to-one dollar backing requirement.
- According to the White House Fact Sheet, the Act requires 100 percent reserve backing with liquid assets, and it is expected to drive higher demand for U.S. Treasuries as Trump praised its “immense power.”
- Despite the signing, there will be no immediate impacts on issuers such as Circle Internet Group or Tether, ABC News reports that the Treasury Department will draft rules within a year, and TD Securities analyst Jaret Seiberg notes implementation could exceed a year.
- There is optimism the Senate will pass its version before the August recess, regulators have 180 days to draft implementing rules with full enforcement by end of 2026, and experts call it the most consequential regulation since Dodd-Frank.
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We’re about to find out if the crypto market is big enough to raise the price of U.S. bonds and the dollar
The GENIUS Act requires stablecoins in the U.S. be backed by dollars or U.S. Treasuries. That will lock in demand for dollars and short-term U.S. bonds from stablecoin issuers.
Donald Trump has kept one of his big promises: to give the U.S. the first legislation on digital assets, after years of scepticism and oppression from previous administrations and regulators. After the Senate’s approval, on Thursday the House of Representatives passed the Genius Act, a regulation that regulates stablecoins, and represents the first piece of a broader legislative framework to be debated in the Upper House, which includes a compre…
House Passes Major Bills During 'Crypto Week,' But Significant Changes May Take Time - Overpasses For America
Despite the excitement surrounding what President Donald Trump has dubbed “Crypto Week,” experts caution against premature celebrations in the cryptocurrency space. The House of Representatives recently passed three significant bills aimed at regulating digital assets, marking a pivotal moment for the industry. However, these legislative changes are not expected to take effect for quite some time. Three Key Crypto Bills Passed The three bills—t…
The Trumps, Bitcoin Bull Run And Stablecoin Bill: This Week In Crypto
The past week saw a surge in crypto-related developments as Donald Trump endorsed the GENIUS Act, Senator Warren criticized the Trump family's crypto ties, Thumzup greenlit a $250 million crypto investment, and Bitcoin's next bull run was predicted.
Explainer: Can stablecoins truly stabilize U.S. finance?
The recent signing of the Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act) into law by U.S. President Donald Trump marks a significant step, as the U.S. formally establishes a regulatory framework for digital stablecoins.Trump
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