Breaking News: Trump Signs GENIUS Act – Big Win for Crypto! 🇺🇸💥
President Trump has officially signed the GENIUS Act, creating the first federal law for stablecoins in the U.S. This major step received strong bipartisan support (Senate: 68-30, House: 308-122).
🔐 Key Highlights:
• Stablecoins must be 100% backed by USD
• Monthly audits & segregated reserves required
• Holders get priority repayment if issuer fails
• Follows traditional AML rules
📈 Why It Matters:
Trump’s support brings crypto closer to mainstream, boosting trust and paving the way for institutional adoption.
🧠 Trading Insights:
• Expect more stablecoin volume
• Smoother fiat-crypto transactions
• Possible Bitcoin boost as regulations stabilize
• Sets the stage for wider crypto regulation
Keep an eye on stablecoin markets and institutional moves – this is a game-changer for the crypto space. 🧠🚀