In the U.S., President Donald Trump signed the GENIUS Act on July 18, 2025, the first federal legal framework for stablecoins, requiring 1:1 backing with low-risk assets and establishing dual federal-state control. The approval of the GENIUS Act boosted the value of Bitcoin and altcoins, pushing the global cryptocurrency market capitalization to over $4 trillion. Additionally, JPMorgan is considering offering loans backed by cryptocurrencies such as Bitcoin and Ethereum to clients, reflecting the increasing integration of the crypto sector into traditional banking.