#CryptoStocks Washington, D.C. – June 18, 2025
President Donald Trump has officially thrown his support behind the GENIUS Act, a groundbreaking bill that would establish a regulatory framework for stablecoins in the United States. His forceful endorsement, delivered Tuesday evening on Truth Social, has injected fresh momentum into the crypto market—sending shares of major digital asset firms like Circle and Coinbase sharply higher.
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📜 What is the GENIUS Act?
The GENIUS Act (Guaranteed Essential National Infrastructure for U.S. Stablecoins) is a first-of-its-kind legislative effort aimed at:
Ensuring security and transparency in the stablecoin sector
Introducing clear federal oversight mechanisms
Enhancing U.S. competitiveness in global crypto innovation
The bill has already cleared the Senate and is now being reviewed in the House of Representatives.