- Main event: Trump signs GENIUS Act into law for stablecoins.
- Significant boost for U.S. digital assets.
- Financial shifts expected in the stablecoin market.
President Donald Trump has officially signed the GENIUS Act into law on July 18, 2025, establishing a national framework for regulating stablecoins in the United States.
The GENIUS Act holds substantial importance as it elevates the U.S. digital asset landscape, creating opportunities for financial expansion.
President Trump and his administration, along with Treasury Secretary Scott Bessent, emphasized that the new law would strengthen the U.S. dollar’s role in global finance. The GENIUS Act, described as “groundbreaking” by Bessent, requires 100% reserve backing for stablecoins backed by liquid assets. Trump noted its potential benefits for the U.S. economy and for garnering political support.
“The GENIUS Act, they named it after me… It’s good for the dollar and it’s good for the country. That’s why I backed you at an early stage. And I also did it for the votes.” – Donald Trump, President of the United States
The immediate effects of the GENIUS Act include a substantial impact on stablecoins like USDC and USDT, affecting both domestic and international crypto markets.
U.S. stablecoin projects are expected to expand due to the legal certainty provided. Market analysts project that the stablecoin market cap might grow significantly, potentially reaching $2 trillion by 2028.
The broader implications also touch on cryptocurrencies like ETH and BTC, as their underlying networks support stablecoin transactions. The law supports innovation and enhances U.S. economic infrastructure, moving America closer to a leadership role in digital finance. The GENIUS Act, reflecting a major policy shift, aligns the U.S. competitive stance with global crypto adoption trends, providing clear regulatory directives and boosting investor confidence.
