GENIUS Act Signed Into Law, Paving Way for DeFi and Stablecoin Expansion

President Donald TRUMP signed the GENIUS Act into law on Friday, marking the first major federal legislation governing cryptocurrency. The bipartisan bill establishes a regulatory framework for dollar-backed stablecoins, providing long-awaited clarity for issuers and reinforcing the dollar's role in the digital economy.

Industry leaders view the legislation as a watershed moment for crypto innovation. By encouraging fully reserved, transparent stablecoins, the law creates a safer on-ramp for institutional and retail adoption. This regulatory green light is expected to accelerate growth across the US digital asset sector.

DeFi stands to benefit significantly from the GENIUS Act. Jake Chervinsky of Variant Fund notes the legislation lays critical groundwork for on-chain financial infrastructure to flourish. The MOVE solidifies America's position as a leader in digital finance while setting the stage for broader crypto adoption.