🇺🇸 BREAKING: U.S. Passes Historic Stable coin Law — The GENIUS Act
🗓️ July 18, 2025 — Washington
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President Donald Trump has signed the GENIUS Act (Guiding and Establishing National Innovation for U.S. Stable coins), marking the first major federal law to regulate stable coins in the U.S.
🔍 Key Highlights of the Law
✅ Only licensed banks, credit unions, and fintech's can issue payment stable coins
✅ All stable coins must be backed 1:1 by USD or U.S. Treasury Bills
✅ Monthly public disclosures and independent audits of reserves required
💡 Why It Matters
This move adds credibility, transparency, and legal clarity to a $250B+ stable coin market. Experts say usage could hit $2 trillion by 2028, fueling wider adoption in banking, payments, and crypto finance.
👤 Trump’s Crypto Vision
Trump called the act a "revolution in financial technology," noting:
The law’s name was inspired by him
He previously launched the $TRUMP meme coin
He directed the creation of a U.S. Bitcoin reserve
He vows to make the U.S. the "crypto capital of the planet"
🔥 A turning point for crypto regulation. Bullish or bearish? 💬