Hey, everyone! It turns out that none other than President Donald Trump just signed a law they've called the GENIUS Act (yes, just like it sounds, awesome! 😉). This happened today, July 18, 2025, at the White House with a bunch of heavyweights from the crypto world as witnesses, just like you hear! The heads of Coinbase, Tether, Circle, Gemini, and Kraken were there. A meeting of titans, indeed! 🚀
Imagine that this law is the first time a clear legal framework has been established for stablecoins in the United States. And why is this so important? Well, because stablecoins are those cryptocurrencies that, unlike Bitcoin or Ethereum that go up and down like a roller coaster, maintain their fixed value! They are usually tied to the dollar. This makes them super useful for a lot of things, from online payments to sending money without fuss. 💲
The GENIUS Act will require those who issue these coins to be transparent with their reserves (that is, to show the money they have backing it), to have good management rules, and to protect users. No tricks! 🧐
And pay attention to what David Sacks, the big guy of Crypto and AI at the White House, said: this law is the first step for American stablecoins to dominate the payment world! Think of trillions of dollars moving around, crazy!
Trump, as always, didn’t hold back and took the opportunity to throw a jab at the previous administration. He said that before, "half of you were being arrested" and now you are "signing a historic law." Pure fire! 🔥 And he concluded by saying that this is a "massive validation" for the entire crypto ecosystem, which has been underestimated for years.
So, you know, the world of cryptocurrencies continues to surprise us. This move could position the U.S. as the undisputed leader in this sector. What do you think will happen now with the rest of the world? Stay tuned! 👀$TRUMP
