๐บ๐ธ BREAKING: Trump Signs First-Ever U.S. Stablecoin Law โ The GENIUS Act ๐
Crypto just made history in Washington!
In a headline-making moment, President Donald Trump has officially signed the GENIUS Act, the first federal law regulating stablecoins โ and the crypto world is buzzing.
๐ The Scene: A high-profile White House event with cryptoโs biggest names โ CEOs from Coinbase, Tether, Circle, and Kraken stood front row as Trump declared:
๐ฃ๏ธ โItโs called the GENIUS Actโฆ maybe itโs about me.โ ๐
๐ก Whatโs in the Law?
๐ 100% Reserve Rule โ Every stablecoin must be backed 1:1 with USD or safe assets
๐ต๏ธโโ๏ธ Big Issuers Audited โ Annual audits for companies issuing over $50B
๐๏ธ Dual Oversight โ Fed for banks, OCC for others
๐ซ No Algo Coins โ Algorithmic stablecoins? Banned.
๐ The Impact:
Circle stock soared 18.2% โฌ๏ธ
Crypto leaders call it a game-changer for U.S. innovation
๐ Whatโs Next?
More crypto bills โ like the CLARITY Act and Anti-CBDC Act โ are heading to the Senate. Trumpโs promise? โMore pro-crypto laws coming this year.โ
๐ง The GENIUS Act isnโt just policy โ itโs a turning point for digital dollars and U.S. dominance in the crypto future.