Trump Signs GENIUS Act Into Law, Marking U.S.’ First Major Crypto Regulation

Trump Signs GENIUS Act Becomes Law in Historic White House Ceremony

In a landmark moment for the cryptocurrency industry, President Trump Signs GENIUS Act into law on Friday at the White House. The legislation, formally titled Guiding and Establishing National Innovation for U.S. Stablecoins, sets the first official regulatory framework for stablecoin issuers in the United States.

Before a crowd of top crypto executives, lawmakers, and administration officials, Trump praised the digital asset sector for its resilience and innovation. “You were mocked and dismissed, but this signing is a massive validation,” he told the East Room audience, which included leaders from Coinbase, Circle, Tether, Gemini, and Chainlink.

A Rare Bipartisan Win for Crypto Policy

The bill passed Congress with overwhelming bipartisan support—308-122 in the House and 68-30 in the Senate. Crypto advocates see this as a critical first step toward broader regulation of digital assets in the U.S., especially following the industry’s volatile setbacks in 2022.

Implementation now moves to federal financial agencies, who will define what types of firms can legally issue stablecoins. These include Tether’s USDT and Circle’s USDC, which currently dominate the stablecoin market.

Industry Reaction and Expectations
Moody’s Rajeev Bamra noted that the GENIUS Act lays a strong compliance foundation but emphasized that true success will depend on transparency, governance, and consumer protections from stablecoin issuers. “With broader adoption comes greater systemic responsibility,” he said.

David Sacks, the White House’s crypto and AI lead, called the bill a “game-changer” that will modernize U.S. payment infrastructure and support dollar dominance globally.

Momentum Grows as CLARITY Act Heads to Senate
The GENIUS Act isn’t the only crypto legislation advancing. The Digital Asset Market Structure Clarity Act (CLARITY Act) also passed the House this week and is heading to the Senate. House Financial Services Chairman French Hill urged senators to adopt and amend his bill instead of starting from scratch.

Senator Tim Scott, who leads the Senate Banking Committee, has pledged to move forward with crypto regulation by September 30.