Trump Signs GENIUS Act Into Law, Ushering In Crypto’s Integration With US Economy
President Donald Trump signed the GENIUS Act, the first major U.S. crypto legislation, allowing the issuance and trading of stablecoins. The signing ceremony included prominent figures from the crypto industry. Trump emphasized his commitment to making the U.S. a leader in crypto and highlighted previous actions, such as establishing a Bitcoin reserve and pardoning Ross Ulbricht. The GENIUS Act aims to provide a regulatory framework for stablecoins, which are digital assets pegged to the U.S. dollar, facilitating easier transactions between crypto and traditional finance. The legislation is expected to attract interest from banks and retailers. Despite this progress, broader crypto regulations remain uncertain, with another significant market structure bill pending in Congress.
