On July 18, 2025, US President Donald Trump signed the GENIUS Act, aimed at creating a clear regulatory framework for stablecoins.
Goals of the GENIUS Act
The GENIUS Act aims to achieve multiple key objectives. It seeks to create legal clarity for stablecoins, enhancing trust in digital assets. From Trump's perspective, this helps fulfill the promise of making the US a cryptocurrency hub and stimulates demand for dollar reserves.
Market Impact and Trust
The signed act mandates 100% reserves, which is expected to increase investor confidence in the stability of digital assets. The adoption of this law received support from representatives of major cryptocurrency firms, indicating broad consensus within the industry.
DeFi Prospects
According to forecasts, the GENIUS Act could act as a catalyst for increased institutional interest by offering a stable and regulated environment for cryptocurrency operations. This legislative change is positioned to enhance trust and accelerate market integration, potentially fueling future DeFi growth.
The signing of the GENIUS Act could significantly impact the cryptocurrency market in the US by providing the clarity and confidence necessary for the further growth and development of digital assets.