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Trump Touts Cryptocurrency Law but Doesn’t Answer Epstein Questions
WASHINGTON, D.C., JUL 18 – The GENIUS Act mandates 100% reserve backing for stablecoins, aiming to strengthen financial stability and boost the $250 billion market's growth, officials said.
- On Friday, July 18, 2025, President Donald Trump signed the GENIUS Act at the White House, establishing the first federal regulation for stablecoins.
- This past week, Congress passed the GENIUS Act in the Senate and House, with bipartisan support, to establish a clear stablecoin regulatory framework.
- The GENIUS Act, They named it after me, he joked, noting CBS News reported the USD 250 billion stablecoin market and strict reserve and AML guidelines.
- Senator Elizabeth Warren warned that the law enables corruption and favors World Liberty Financial, while President Trump vowed not to create a central bank digital currency.
- Some analysts warn of digital colonialism in African economies, as stablecoins offer a vital lifeline amid currency devaluation, and they warn of implications for global financial sovereignty.
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99 Articles
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Trump signs stablecoin law as crypto industry aims for mainstream adoption – CLG News
Trump signs stablecoin law as crypto industry aims for mainstream adoption | 18 July 2025 | U.S. President Donald Trump on Friday signed a law to create a regulatory regime for dollar-pegged cryptocurrencies known as stablecoins, a milestone that could pave the way for the digital assets to become an everyday way to make payments and move money. The bill, dubbed the GENIUS Act, passed in the House of Representatives by a vote of 308 to 122, with…
Trump Signs GENIUS Act, Ending Biden-Era Crypto Probes and Backing Industry Titans Trump Signs GENIUS Act, Ending Biden-Era Crypto Probes and Backing Industry Titans
President Donald Trump signed a significant piece of cryptocurrency legislation into law on Friday, marking a pivotal moment in the digital asset industry’s regulatory journey. In a ceremony held at the White House, Trump signed the GENIUS Act into law, marking the week's culmination of crypto-focused policymaking. Crypto advocates believe the measure will encourage broader acceptance of digital assets in the U.S. by offering long-awaited clarit…
Trump signed the GENIUS law, regulating cryptocurrencies, establishing which are stablecoins and marking a milestone for the future cryptographic in the U.S.
In the United States a new law lays the foundations for using stablecoin as a credit card: it is an innovation that could create great chaos
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