Trump Signs #GENIUSAct 🚨
On July 18, 2025, the U.S. passed its first law focused on stablecoin regulation. The law mandates that every stablecoin must be backed by real assets, with companies required to provide monthly disclosures and undergo yearly audits. It bans algorithm-based stablecoins and introduces protections against bankruptcy, placing the industry under both federal and state supervision.
Following the announcement, the total crypto market cap surged past \$4 trillion. Ethereum and Solana saw gains, while Bitcoin experienced a slight decline. Trump called it a "genius" move aimed at safeguarding the U.S. dollar. The act boosts market confidence but also ushers in tighter regulatory control.
