Trump Set to Sign GENIUS Act Regulating Cryptocurrency/ Newqslooks/ WASHINGTON/ J. Mansour/ Morning Edition/ President Donald Trump is poised to sign the bipartisan GENIUS Act, introducing the first federal regulations for stablecoins, a type of cryptocurrency tied to stable assets like the U.S. dollar. The bill aims to build consumer trust and position the U.S. as a global leader in digital currency. Trump’s push marks a strategic pivot toward embracing crypto as part of his second-term economic agenda.
Trump Signs GENIUS Act: Crypto Regulation Quick Looks
- Bill Title: The legislation is named the GENIUS Act.
- Purpose: Sets guardrails and protections for stablecoins, reducing volatility and risk for consumers.
- Bipartisan Support: Passed both the House and Senate with strong majorities.
- Consumer Focus: Designed to boost investor confidence in the crypto sector.
- Crypto Advocacy: Part of Trump’s broader push to make the U.S. a crypto powerhouse.
- Trump’s Statement: Praised GOP efforts as a “record” accomplishment on his Truth Social platform.
- Next Steps: Two additional crypto-related bills passed in the House are headed to the Senate.
- Additional Measures:
- One bill proposes a market structure for digital assets.
- The other seeks to ban the Federal Reserve from launching its own digital currency.
- Timing: Bill signing scheduled for Friday, July 18, 2025.
- Broader Context: Comes amid increased scrutiny of crypto markets and regulatory uncertainty.
Trump Set to Sign GENIUS Act Regulating Cryptocurrency
Deep Look
WASHINGTON — July 18, 2025 — In a milestone moment for the digital economy, President Donald Trump will sign the GENIUS Act into law on Friday, ushering in the first major federal regulatory framework for stablecoins, a class of cryptocurrency designed to maintain value by pegging to assets like the U.S. dollar.
The legislation, which passed both chambers of Congress with broad bipartisan support, represents a significant step toward legitimizing cryptocurrency in the eyes of both investors and regulators. It also aligns with Trump’s stated goal of transforming the U.S. into the “crypto capital of the world.”
What Is the GENIUS Act?
Short for Government-Enforced National Infrastructure for Unifying Stablecoins, the GENIUS Act aims to instill transparency and stability in the stablecoin market by:
- Requiring issuers to maintain auditable reserves.
- Setting limits on who can issue government-recognized stablecoins.
- Enforcing consumer protection rules to reduce fraud and market manipulation.
Stablecoins are frequently used in decentralized finance and are pivotal for crypto-based payments, lending platforms, and international remittances. However, they’ve also drawn criticism for being underregulated and susceptible to collapse, as seen in the 2022 TerraUSD crash, which wiped out billions in value.
Trump’s Crypto Pivot
Though once skeptical of cryptocurrencies, Trump has pivoted aggressively toward crypto in his second term, launching his own meme coin and advocating for deregulation of blockchain-based financial tools. His administration has framed crypto as a cornerstone of future U.S. economic dominance, especially amid competition from digital currency initiatives in China and the European Union.
“Congratulations to our GREAT REPUBLICANS for being able to accomplish so much, a record, in so short a period of time,” Trump posted Friday morning on Truth Social, his social media platform.
The administration touts the GENIUS Act as a way to attract tech investment, create jobs, and protect consumers, though critics argue that the law lacks strict oversight mechanisms.
Broader Legislative Movement
The GENIUS Act is part of a wider congressional movement to establish U.S. leadership in cryptocurrency regulation:
- The House passed two additional crypto bills on Thursday:
- A bill creating a market structure for cryptocurrencies, clarifying how digital assets are classified and traded.
- A bill prohibiting the Federal Reserve from issuing a central bank digital currency (CBDC), citing concerns about government surveillance and monetary control.
These two measures are now in the hands of the U.S. Senate, where they are expected to face more rigorous debate—especially the Fed ban, which some economists warn could limit the U.S.’s ability to modernize its financial infrastructure.
Political Implications
The GENIUS Act and Trump’s broader crypto policy represent a marked break from the Biden administration, which took a more cautious approach to digital assets, emphasizing the risks of money laundering, fraud, and market instability.
Critics argue that Trump’s crypto-friendly posture may present conflicts of interest, given his family’s growing presence in the industry through ventures like World Liberty Financial and the $Trump meme coin, which have reportedly earned hundreds of millions.
Nonetheless, industry leaders have praised the bill as a long-awaited step toward regulatory clarity.
“This is the beginning of real legitimacy for digital assets in the U.S.,” said Carla Wu, CEO of crypto firm Digital Ledger Capital. “Investors now have a government framework they can trust.”
Looking Ahead
With Trump expected to formally sign the GENIUS Act on Friday afternoon, attention will shift to how swiftly the Department of the Treasury and the SEC implement its provisions. Enforcement guidelines and licensing processes for stablecoin issuers are expected later this year.
Whether the bill truly succeeds in boosting consumer trust, attracting international investment, and solidifying U.S. dominance in crypto innovation will depend largely on its execution and enforcement.
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