BREAKING: Trump Inks Landmark US Stablecoin Law—Crypto’s Watershed Moment
Washington just handed crypto its biggest regulatory win yet. President Trump signed the first-ever US stablecoin legislation into law today—finally giving dollar-pegged tokens a seat at the financial table.
The new rules create guardrails for issuers while legitimizing the $150B+ stablecoin market. No more regulatory limbo for Tether and its cousins.
Wall Street bankers are already scrambling to 'innovate' (read: repackage) these digital dollars for their private clients. Because nothing sparks financial creativity like watching disruptors build what you failed to imagine.
One thing's certain: The era of wild west stablecoins is over. Whether that's good news depends on which side of the decentralization fence you're sitting on.
In Brief
- Trump imposes a federal stablecoin law to strengthen the global domination of the digital dollar.
- The text authorizes banks and fintechs to issue their stablecoins, backed by reserves.
- Critics highlight family ties to a stablecoin issuer close to President Trump.
- The GENIUS Act marks a turning point for the crypto industry, now firmly anchored in American law.
Dollar 2.0: The American Genius Wants to Stay in Control
When the president signs, it’s not just a text he seals: he also locks in, as with the 35% surtax recently imposed on Canada, a strategic vision of economic power in the digital age. This is ahe engraves. “This may be the greatest technological revolution since the Internet,” he declared emphatically.
The GENIUS Act (Guiding and Establishing National Innovation for U.S. Stablecoins) creates a new legal category for these. Objective: to secure their use while boosting their adoption, notably by regulating mandatory reserves and banning yield-bearing stablecoins.
With this framework, the Treasury aims to, while stimulating demand for Treasury bonds to back these assets. Treasury Secretary Scott Bessent even refers to it as aand to boost global demand for T-Bills.
Stablecoins in Everyone’s Hands: Crypto Comes Into Daily Life
Trump has never hidden his ambitions for the crypto industry. Once skeptical,His promise? To make the United States the crypto capital of the world. His bet: to anchor it in citizens’ everyday lives. And with the GENIUS Act, he wants to bring stablecoins closer to the shopping cart.
Now,. No more legal ambiguity: the law regulates their backing by the dollar and requires monthly publication of reserves. For Senator Bill Hagerty, this framework will allow Americans to, instead of taking several days.
Present at the signing: Circle, Robinhood, Gemini, Tether… All hail. The president, jokingly, couldn’t resist a jab:
They named it after me. Thank you all. It’s quite a law.
Behind the Feat, the Flaws: What the Democrats Denounce
But behind the spotlight, voices rise. Because while the GENIUS Act regulates stablecoins, it doesn’t prevent certain gray areas.
- 60% of World Liberty Financial, issuer of the USD1 stablecoin, is owned by a company close to the Trumps;
- 245 million dollars: what the crypto industry spent supporting pro-crypto candidates in 2024;
- 6 months: the deadline given to regulators to publish final rules;
- 308 votes for, 122 against: the law passes with strong Republican support… but Democratic fractures.;
- No ban for digital giants launching their own stablecoins.
Representative Maxine Waters denounces a dangerous ambiguity: the text creates the illusion of a framework but doesn’t give the government the means to regulate effectively. For Scott Greytak of Transparency International, this partial framework “could turn the United States into a digital tax haven for criminals and hostile regimes.”
Americans can now pay their rent in stablecoins, but this is just the beginning. Trump is refining an explosive measure: opening 401(k) plans to bitcoin. A MOVE that could channel billions into the crypto industry and forever disrupt household savings.
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