US EditionTrump signs 1st major federal cryptocurrency bill into law
UNITED STATES, JUL 18 – The GENIUS Act mandates one-to-one dollar backing for stablecoins and includes consumer protections, with bipartisan support signaling a $264 billion market regulation milestone.
- On Thursday, the U.S. House of Representatives passed the GENIUS Act, 308-122, with 102 Democrats in support.
- Internal GOP opposition nearly derailed the bill on Tuesday, a dozen Republicans voted against it, prompting a late-evening White House intervention.
- The GENIUS Act requires stablecoins to be fully backed by low-risk reserves, providing certainty for issuers and users to facilitate mainstream adoption.
- It passed both chambers with wide bipartisan margins, and now heads to President Donald Trump’s desk for signing on Friday afternoon at the White House.
- More than 500 million people use cryptocurrencies in 2025, that number is expected to exceed 600 million by year-end, as Nigel Green warns other regions must accelerate frameworks or risk falling behind.
339 Articles
339 Articles
The United States has introduced a law regulating a certain type of cryptocurrency, after President and crypto-lover Donald Trump signed the bill into law. “It’s good for the dollar and good for the country,” he says.
President Donald Trump passed on Friday a new law regulating a type of cryptocurrency, a major step for the sector that has invested massively to strengthen its legitimacy and political influence.
Trump signs GENIUS Act and pledges US will be crypto capital
President Donald Trump signed the GENIUS Act into law, the country’s first major cryptocurrency legislation, after personally intervening to get it through the House of Representatives. Trump joked that Congress named the legislation, which creates the first federal framework for dollar-pegged stablecoins, after him. The measure, known as the Guiding and Establishing National Innovation for U.S. Stablecoins Act, provides those digital currencies…
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