Trump Signs GENIUS Act: The U.S. Officially Greenlights Stablecoin
💥 President Donald Trump just signed the GENIUS Act, the first stablecoin legislation in the U.S., at the White House with the presence of several major figures in the crypto industry including the CEOs of Coinbase, Circle, Robinhood, Tether, and Gemini.
This is seen as a historic turning point, creating a clear legal framework for the issuance and trading of stablecoins – digital assets pegged to the USD, serving as an important bridge between crypto and traditional finance.
📈 Trump declared, “We will make the U.S. the global crypto capital.” In addition to the GENIUS Act, he reiterated a series of “crypto-friendly” decisions such as banning the issuance of CBDCs, establishing a national Bitcoin reserve, and granting clemency to Silk Road founder – Ross Ulbricht.
🔑 The passage of the GENIUS Act paves the way for banks, financial corporations, and major retailers to enter the stablecoin market valued in the hundreds of billions of USD, which had previously been cautious due to the lack of a legal framework.
🎯 Nevertheless, the crypto community is still awaiting a larger “race”: comprehensive crypto market legislation that is currently being discussed by Congress, promising to legalize most of the industry’s activities.
✅ The GENIUS Act is not only the first legal victory but also the “starting gun” for a new era, as stablecoins become the catalyst for integrating crypto into the American economic machinery!