Trump Signs GENIUS Act, Launching First Federal Crypto Regulation

President Donald Trump has signed the GENIUS Act into law, establishing the first comprehensive federal framework for cryptocurrency regulation in the United States. The legislation specifically targets stablecoins, mandating full backing by U.S. dollars or similarly liquid assets.

Large issuers with a market capitalization exceeding $50 billion will now face annual audit requirements, while foreign stablecoin operators must comply with stringent new eligibility standards. The law passed with rare bipartisan support, clearing the House 308-122 after Senate approval.

This regulatory milestone positions the U.S. as a leader in digital finance oversight, balancing market innovation with consumer protection. The act's emphasis on transparency and national security considerations reflects growing institutional recognition of crypto's role in global markets.