President Trump Signs GENIUS Act, Paving Way for Crypto Mainstream Adoption

US President Donald Trump has signed the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act into law, marking a watershed moment for cryptocurrency regulation. The bill establishes a federal framework for stablecoins, the first major crypto legislation to achieve this status.

The House passed the measure with strong bipartisan support, 308-122, reflecting growing political consensus around digital assets. "This afternoon, we take a giant step to cement American dominance of global finance and crypto technology," Trump declared during the signing ceremony, taking a veiled jab at previous administrations' approaches to the sector.

The GENIUS Act represents a hard-won victory for an industry that has sought regulatory clarity since Bitcoin's 2009 inception. Market observers view this as a legitimizing force that could accelerate institutional adoption and stabilize the notoriously volatile crypto markets.