President Trump Signs GENIUS Act Into Law, Establishing Regulatory Framework for Stablecoins

President Donald Trump has signed the GENIUS Act into law, marking a watershed moment for cryptocurrency regulation. The legislation creates the first comprehensive framework for US dollar-backed stablecoins, a $250 billion market that Treasury officials believe will significantly bolster dollar dominance and demand for US debt.

The bipartisan bill passed with overwhelming support, clearing the House 307-122 and the Senate 68-30. It grants the Office of the Comptroller of the Currency sweeping oversight powers, mandating full reserve backing and annual audits for issuers exceeding $50 billion in circulation.

This unprecedented federal endorsement of permissionless blockchain technology signals a new era for payments innovation. Market participants anticipate the legislation will catalyze a financial infrastructure revolution, with stablecoins serving as the bridge between traditional finance and decentralized systems.