Donald Trump officially signed the *GENIUS Act* (Guiding and Establishing National Innovation for U.S. Stablecoins Act) into law on July 18, 2025. This landmark legislation aims to make the U.S. the "crypto capital of the world" by establishing a regulatory framework for stablecoins.

# Key Aspects of the GENIUS Act

- *Stablecoin Regulation*: The act provides guidelines for stablecoin issuers, requiring them to hold 100% reserves in liquid assets.

- *Consumer Protection*: Mandates strict audits and compliance with anti-money laundering (AML) and know-your-customer (KYC) rules.

- U.S. Crypto Leadership: Trump emphasized the act's role in positioning the U.S. as a global leader in digital assets.

# Reactions and Implications

- *Bipartisan Support*: The bill passed with overwhelming support in both the House (308-122) and Senate.

- *Industry Response*: Crypto leaders like Coinbase's CEO and Avery Ching of Aptos Labs welcomed the legislation.

- *Potential Impact*: Expected to increase adoption and innovation in stablecoins, reinforcing the U.S. dollar's global role.#GENIUSAct