- U.S. President Donald Trump signed the “GENIUS Act” into law on July 18, 2025, regulating cryptocurrency.
- The law aims to establish clear rules and consumer protections for stablecoins in the United States.
- The GENIUS Act passed with a 308–122 vote in the House of Representatives and previously cleared the Senate.
- This is the first U.S. law to create a regulatory framework for the $250 billion stablecoin market.
- During the signing, Trump joked, “The GENIUS Act, They named it after me.”
U.S. President Donald Trump signed a new bill known as the “GENIUS Act” on Friday, July 18, 2025, at the White House. The law seeks to regulate the use and oversight of cryptocurrency, specifically targeting stablecoins, within the United States.
According to a Reuters report, the “GENIUS Act” was approved in the House of Representatives with 308 votes in favor and 122 votes against. Most Republicans and about half of Democrats supported the bill. The Senate had already passed the legislation before the House vote.
The law, officially named the “Guiding and Establishing National Innovation for US Stablecoins,” is the first of its kind in the United States. It introduces clear rules and consumer protections for stablecoins, which are digital currencies designed to maintain a stable value by being tied to an asset like the U.S. dollar. The White House described the GENIUS Act on X (formerly Twitter), stating, “The GENIUS Act creates a clear and simple regulatory framework to establish & unleash the immense promise of dollar-backed stablecoins. This could be perhaps the greatest revolution in financial technology since the birth of the internet itself.” The legislation oversees a market estimated to be worth $250 billion.
At the signing ceremony, Trump made a joke about the act’s acronym, saying, “The GENIUS Act, They named it after me.” This remark was widely shared on social media, highlighting the president’s public acknowledgment of the bill’s significance.
Stablecoins have become a major part of the digital currency landscape, and the act intends to clarify their legal status and establish guidelines for their operation and consumer use. By providing oversight, the law aims to foster public trust and promote mainstream adoption of stablecoin technology in the U.S.
For further reading, see the coverage from CBS News. In other developments, Donald Trump recently filed a suit against the Wall Street Journal and Rupert Murdoch over reporting related to Jeffrey Epstein.
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