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Trump signs major federal cryptocurrency law

President Donald Trump signed the GENIUS Act to establish federal regulations for stablecoins.

July 18, 2025 at 04:32 PM

Trump signs 1st major federal cryptocurrency bill into law

President Donald Trump signed the first major federal laws governing cryptocurrency.

Trump signs major federal cryptocurrency law

President Donald Trump signed the "GENIUS Act" on July 18, 2025, establishing the first significant federal regulations for stablecoins. This legislation aims to create a regulatory framework intended to improve the accessibility of stablecoins, which are cryptocurrencies tied to stable assets like the U.S. dollar. The bill was passed by the House after bipartisan support, following a stagnant period among House Republicans. Critics raised concerns about potential conflicts of interest regarding Trump's ties to a crypto firm that launched its own stablecoin.

Key Takeaways

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Trump's signing signals a pivotal shift for cryptocurrency regulation in the U.S.

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The GENIUS Act aims to facilitate stablecoin use and increase industry trust.

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Bipartisan support was essential, yet the bill faced dissent, particularly from Democrats.

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Concerns linger about potential conflicts of interest impacting crypto policy.

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Trump's personal investments in crypto raise eyebrows among critics.

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Regulatory changes take time; public will see gradual implementation of new rules.

"I pledged that we would bring back American liberty and leadership and make the United States the crypto capital of the world."

Trump emphasized his vision for U.S. leadership in the crypto space during the signing event.

"The Unstable Act creates the appearance of a federal framework for stablecoins, but it does not provide the federal government with the full authority it needs."

Rep. Maxine Waters criticized the bill's efficacy and potential conflicts of interest.

The passage of the GENIUS Act underscores a shifting landscape in how cryptocurrencies are regulated in the U.S. Trump's newfound embrace of crypto contrasts sharply with his earlier skepticism, revealing a complex entanglement between politics and emerging technologies. While the legislation aims to unravel some of the confusion surrounding digital currencies, it raises questions about transparency and accountability in the industry, especially regarding politicians' interests in crypto ventures.