News: (19/7) Crypto Breakthrough: U.S. Passes Landmark Stablecoin Law Amid $4 Trillion Market Surge
In a historic move for the cryptocurrency sector, the United States has passed its first comprehensive stablecoin legislation, known as the GENIUS Act. Signed into law by President Trump on July 18, 2025, the bill establishes a clear regulatory framework for U.S. dollar-backed stablecoins, requiring full reserves, monthly audits, and strict anti-money laundering (AML) compliance.
This development has energized the crypto market, pushing its total value past $4 trillion for the first time. Ethereum (ETH) surged to over $3,600 while Bitcoin briefly crossed $123,000 before consolidating near $118,000. Analysts view the legislation as a signal of growing institutional trust and a major step toward mainstream adoption.
The law also drew attention for including an exemption for the President’s family from certain restrictions, raising ethical concerns in some political circles. Despite that, the broader industry response has been overwhelmingly positive, with major firms like Coinbase and PayPal applauding the legal clarity.
Looking forward, the U.S. Senate is expected to take up the CLARITY Act and other crypto-friendly bills, potentially cementing America’s leadership in the digital asset economy.
The GENIUS Act marks a turning point—ushering in a more regulated, credible, and scalable crypto ecosystem.
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