Trump Set to Sign GENIUS Act, Ushering in Landmark U.S. Stablecoin Regulation

The United States is poised to introduce its most sweeping cryptocurrency legislation to date as President Donald Trump prepares to sign the GENIUS Act. The bill, formally titled the Guiding and Establishing National Innovation for US Stablecoins Act, establishes a regulatory framework for dollar-pegged digital assets.

Stablecoin issuers will now be required to maintain full backing with low-risk dollar reserves, register with state or federal regulators, and implement stringent anti-money laundering controls. Bo Hines, head of the WHITE House's digital assets advisory council, hailed the legislation as a historic reinforcement of the U.S. dollar's dominance in digital finance.

The bill passed Congress with bipartisan support after direct advocacy from President Trump. Treasury Secretary Scott Bessent projects the law could catalyze the stablecoin market's growth to $2 trillion—a tenfold increase from its current $195 billion valuation.