Saturday, 19 July, 2025
Trump Signs GENIUS Act, Creating First U.S. Stablecoin Framework
President Trump signed the GENIUS Act on July 18, establishing the first federal regulatory structure for U.S.-dollar‑pegged stablecoins. The law mandates full backing with liquid assets—like U.S. dollars or Treasury bills—and monthly public reserve disclosures. This bipartisan move enhances industry trust, boosts U.S. Treasury demand, and sets the stage for mainstream stablecoin use, with the market seen growing from $260 billion to potentially $2 trillion by 2028.
Read full story at The Verge