On July 18, 2025, President Donald Trump signed the GENIUS Act, marking a crucial shift in U.S. cryptocurrency regulation. This act aims to provide significant clarity and protection for stablecoin holders.
Passage of the GENIUS Act
President Trump signed the GENIUS Act in Washington, representing a significant milestone for cryptocurrency regulation in the country. The act received bipartisan support in Congress, passing the House with a vote of 308-122 and the Senate 68-30. SEC Commissioner Paul Atkins emphasized the importance of the law, stating that it establishes clear rules for crypto investments.
Stablecoin Reserve Requirements
Immediate changes include mandates for 100% reserves for U.S. Dollar-backed stablecoins in liquid assets or short-term Treasuries. This aims to provide much-needed transparency and bolster investor confidence, potentially impacting protocols like USDT, USDC, and DAI.
Market Analysis and Reactions
The market reaction has largely been positive. Crypto industry leaders attended the signing ceremony, highlighting the act's potential to enhance the U.S.'s status as a secure crypto market. White House statements underscore the act's implications for innovation and consumer protections.
The GENIUS Act signed by President Trump is poised to change the game for cryptocurrencies in the U.S., creating clearer conditions for market participants and protecting stablecoin holders.
