#StablecoinLaw President Trump Signs GENIUS Act into Law* 🚀

President Donald Trump signed the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act into law on July 18, 2025, marking a significant milestone for the crypto industry 🎉. This law requires payment stablecoins to be 100% backed by liquid reserves, such as USD or short-term Treasuries, and mandates monthly public disclosures and independent audits 📊.

*Key Provisions:*

- *Approved Issuers*: Only bank-affiliated entities or compliant non-banks can issue stablecoins 🏦

- *Foreign Issuers*: Must comply with U.S. regulations to operate in the country 🌎

- *Effective Date*: The law takes effect in either 18 months or 120 days after final rules, with a phase-in period granting digital asset services three years to comply