🧴 GENIUS Act: the new regulatory framework for stablecoins in the U.S.

On July 18, 2025, President Donald Trump signed the Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act), following its approval in the House of Representatives (July 17) and the Senate (June 17) Barron's+4Reuters+4Wikipedia+4.

This law creates a formal regulatory framework for stablecoins backed one-to-one by low-risk liquid assets such as the U.S. dollar or Treasury bonds Wikipedia+1Reuters+1.

It requires licenses for approved issuers (“Permitted Payment Stablecoin Issuers”) and monthly audits, separation of reserves, and prohibition of rehypothecation and stablecoins with interest or yields Investopedia.

Although it is designed to encourage institutional and retail adoption, it also faces criticism for potential deficiencies in anti-money laundering protection and allowing large tech companies to take the lead firstpost.com+4Reuters+4Wikipedia+4.

Immediate impacts:

Increased trust in responsible stablecoin issuers (such as USDC), benefiting platforms like Coinbase Reuters+3Investopedia+3The Economic Times+3.

Raised interest in Ethereum, as traders seek alternatives to generate yields in decentralized finance without relying on prohibited yield stablecoins Barron's+1Reuters+1.

Shares of companies linked to crypto (Coinbase, BitMine, SharpLink Gaming, etc.) rose between 1.9% and 12.6% Reuters+1Reuters+1.

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