#StablecoinLaw U.S. Passes Landmark Crypto Law, Marking a Turning Point for the Industry

In a historic move, U.S. lawmakers have passed the nation’s first major piece of cryptocurrency legislation, setting a clear regulatory framework for the fast-growing sector. The GENIUS Act, focused primarily on stablecoins, marks a critical step toward integrating crypto into the broader financial system — and reflects a seismic shift in Washington’s attitude toward digital assets.

The bill, which cleared the House on Thursday after passing the Senate last month, is now headed to President Donald Trump’s desk for signature on Friday. Once a crypto skeptic, Trump has become a key supporter of the industry, aligning with its interests as he builds connections with firms like World Liberty Financial. The legislation — one of three pro-crypto bills backed by Trump — aims to bring stability and clarity to a market long marred by regulatory uncertainty.

The GENIUS Act requires stablecoins to be backed one-to-one with U.S. dollars or similarly low-risk assets, ensuring reliability for users and institutions. Supporters say the law will modernize payment infrastructure, protect consumers, and keep the U.S. competitive in financial innovation. With crypto companies having invested millions into lobbying and campaign efforts, this legislative milestone signals a new era of mainstream legitimacy for digital currencies in America.