Trump Signs GENIUS Act, U.S. Gets First Stablecoin Law

President Donald Trump has signed the bipartisan GENIUS Act, creating the first federal framework to regulate stablecoins in the U.S.

The law sets rules and consumer safeguards, aiming to build trust and boost America’s role in the global crypto market. 

Once a crypto critic, Trump now calls the industry’s growth “a massive validation.”

He signed a new law prohibiting members of Congress from profiting from stablecoins, though his own family is exempt. The White House ceremony was attended by key crypto leaders and lawmakers, reflecting the sector’s strong support for his re-election.