Trump Signs Landmark Crypto Bill, Ushering in New Stablecoin Era

President Donald Trump on Friday, July 18, 2025, signed the “Genius Act” into law at the White House, marking the first major federal legislation to regulate the burgeoning cryptocurrency industry. The new law establishes a comprehensive regulatory framework for stablecoin cryptocurrencies and expands oversight across the sector, fulfilling a key priority for the administration.

The “Genius Act” aims to make stablecoins – digital currencies pegged to stable assets like the U.S. dollar – more accessible and mainstream by simplifying the process for banks and other entities to issue them. Proponents believe this will significantly boost public trust and foster growth within the crypto industry. The bill garnered bipartisan support, passing the House of Representatives on Thursday, July 17, after clearing the Senate a month prior.

The signing comes as President Trump has increasingly positioned himself as a vocal advocate for cryptocurrency, a shift from his past skepticism. At the signing ceremony, he reiterated his pledge to make the United States the “crypto capital of the world.” However, the legislation has drawn criticism from some Democrats, including Rep. Maxine Waters, who raised concerns about potential conflicts of interest given the Trump family’s recent deep ties to various crypto ventures, including a stablecoin.

Following the signing, federal regulators now have six months to develop the specific regulations outlined by the “Genius Act.” Additionally, the House also passed the “CLARITY Act,” a market structure package intended to define regulatory oversight between the SEC and CFTC for digital assets, which now heads to the Senate for consideration.

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