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.
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Trump signs stablecoin law as crypto industry aims for mainstream
WASHINGTON: US President Donald Trump on Friday signed a law to create a regulatory regime for dollar-pegged cryptocurrencies known as stablecoins, a milestone that could pave the way for the digital assets to become an everyday way to make payments and move money. The bill, dubbed the GENIUS Act, passed in the House of Representatives by a vote of 308 to 122, with support
"This is a great law... we worked hard," he said, thanking those involved in its drafting.
Trump Signs Major Crypto Legislation 'GENIUS Act' into Law
President Donald Trump on Friday signed the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act, a substantial crypto-based legislation that sets a light-touch regulatory framework on stablecoin issuance. The post Donald Trump Signs Major Crypto Legislation ‘GENIUS Act’ into Law appeared first on Breitbart.
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Spectrum NewsTrump signs first-of-its-kind cryptocurrency bill
The legislation, called the GENIUS Act, creates a federal framework of regulations and guardrails for stablecoins.
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.
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