Stablecoin Bill Signed Into Law Amid Political Divide and Industry Praise
The GENIUS Act, the first federal framework for stablecoin regulation, became law after President Trump's approval on July 18, 2025. Senator Elizabeth Warren leads critics warning of conflicts of interest, while crypto executives hail it as a watershed moment for legal clarity.
The legislation establishes strict issuance rules, reserve requirements, and transparency mandates under OCC oversight. It excludes algorithmic stablecoins, deferring their study. The WHITE House frames the move as a strategic win for dollar dominance in digital assets.
Market participants anticipate reduced regulatory uncertainty for compliant stablecoins, though the political battle highlights ongoing tensions between innovation and oversight in Washington.