#GENIUSAct
๐บ๐ธ Trump Signs Historic Stablecoin Law: A Game-Changer for Crypto & the Dollar ๐ต๐ช
On July 18, 2025, President Donald Trump signed the GENIUS Act into lawโa landmark moment for crypto regulation in the U.S. ๐๏ธ๐ผ
This new law sets clear rules for stablecoinsโdigital currencies pegged to the U.S. dollar ๐ธ. Under the GENIUS Act:
โ Issuers must hold full reserves in cash or U.S. Treasuries
๐ Monthly reserve reports are mandatory
๐ต๏ธโโ๏ธ Annual audits will be required
๐ฆ Only licensed banks, credit unions, and approved fintechs can issue stablecoins legally
Trump hailed the law as a โvictory for the dollarโ ๐บ๐ธ, saying it could boost global trust in U.S.-backed digital assets ๐๐ช.
The bill also includes ๐ก๏ธ anti-money laundering protections and rules for how failed issuers will be handled.
๐ข Crypto leaders like Coinbase and Tether celebrated the law, calling it a much-needed step toward regulatory clarity ๐โa win the industry has long demanded.
โ ๏ธ However, some critics say the law lacks consumer protections and may favor big tech and political elites ๐๏ธ๐ผ.
Still, this marks the first major U.S. crypto regulationโand could reshape the future of digital finance forever ๐ฎ๐.
#GENIUSAc #CryptoNewss #StablecoinRevolution #DigitalDollars