U.S. President Donald Trump signs the GENIUS Act, establishing federal standards for regulating stablecoins and restricting high-yield options.
Signing of the GENIUS Act
On July 18, 2025, President Donald Trump will hold a signing ceremony for the GENIUS Act. White House Press Secretary Karoline Leavitt stated that this step underscores the President's commitment to making the U.S. a leader in cryptocurrency. The bill received bipartisan support and passed the House with significant backing.
Market Reactions and Updates
The market responded positively to the news of the bill's signing. Analysts noted a 2.6% increase in the price of Ethereum (ETH) during trading. Karoline Leavitt also confirmed that there are no mentions of central bank digital currencies in the current legislation, reflecting the administration's stance and opening possibilities for future laws.
Impact on Tether and the Stablecoin Market
As of July 18, 2025, Tether USDt (USDT) maintains a stable price of $1.00, with a market cap of $160.37 billion and a 24-hour trading volume of $145.26 billion. The GENIUS Act may enhance institutional confidence and expand stablecoin use, creating new financial dynamics and potentially altering liquidity patterns.
The signing of the GENIUS Act represents a significant step in regulating the cryptocurrency industry, opening new horizons for stablecoins and their use in financial operations.
