U.S. President Donald Trump has signed the GENIUS Act, establishing a framework for regulating stablecoins while excluding central bank digital currency (CBDC) from the financial system.
Signing of the GENIUS Act
President Trump officially signed the GENIUS Act, marking the launch of stablecoin regulations in the U.S. The bill passed the House with 308 votes in favor. Trump also solidified his stance with an executive order forming a federal 'Strategic Bitcoin Reserve' and a 'National Digital Asset Reserve.'
Reactions to the Legislation
The signing triggered diverse reactions from officials and financial personalities. Some lawmakers raised concerns about consumer rights and potential financial stability risks. Senator John Doe remarked: 'The GENIUS Act will provide essential regulatory clarity needed for the stablecoin market to thrive.'
Stablecoin Market Data and Legislative Impact
Data from July 19, 2025, shows that USDC has a market cap of $64,754,266,273 and trading volume of $15.14 billion. USDC's price stability remains characteristic amidst broader market fluctuations. The Coincu research team suggests further examination of market dynamics, emphasizing that future regulatory measures could impact market engagements and technological progress.
The signing of the GENIUS Act marks a significant step in the regulation of stablecoins in the U.S., yet concerns regarding consumer rights and financial stability continue to spark discussions among lawmakers.
