Historic Moment for Crypto: Trump Signs Landmark GENIUS Act
In a watershed moment for digital assets, former President Donald Trump has signed the GENIUS Act into law—the first major federal cryptocurrency legislation in U.S. history. This comes as Congress wraps up a transformative "Crypto Week" with three groundbreaking bills now headed to the Senate.
Why This Matters:
• The GENIUS Act establishes the first comprehensive regulatory framework for digital assets, resolving years of regulatory uncertainty
• Thursday's House approvals include bills addressing stablecoin regulation and crypto market structure
• Together, these create clearer rules for exchanges, institutional adoption, and consumer protections
The Big Picture:
After years of enforcement-by-litigation, the U.S. is finally building actionable crypto policy. While implementation details remain, this marks a turning point—legitimizing crypto as part of the financial system while aiming to curb bad actors.
Market observers note the bills received rare bipartisan support, suggesting crypto regulation may become a unifying issue ahead of the 2024 election.
What's Next:
The Senate must now weigh in, but today's developments signal that—after a decade in regulatory limbo—American crypto policy is finally being written.