President Trump Signs Landmark GENIUS Act to Regulate Stablecoins

The U.S. cryptocurrency sector achieved a historic milestone as President Donald Trump signed the GENIUS Act into law, establishing a regulatory framework for stablecoins. The bill passed with strong bipartisan support, securing a 308-122 majority in Congress. Nearly half of Democratic representatives joined Republican lawmakers in backing the legislation.

The new law mandates that stablecoin issuers maintain liquid reserves—including U.S. dollars and short-term Treasury bills—and disclose reserve compositions monthly. Analysts predict these measures will bolster institutional confidence in stablecoins, accelerating their adoption for real-time settlements and retail transactions.

Market projections underscore the legislation's potential impact. Standard Chartered Bank estimates the $260 billion stablecoin market could grow eightfold to $2 trillion by 2028. This growth trajectory follows intense lobbying from crypto advocates, who contributed over $245 million to pro-digital asset candidates during the last election cycle.