Trump Celebrates GENIUS Act—“They Named It After Me”
🇺🇸 President Donald Trump has officially signed the GENIUS Act into law, calling it “the most important crypto legislation in American history.” In a Truth Social post, Trump joked that the bill was “named after me,” sparking viral reactions across crypto Twitter and mainstream media.
📜 The GENIUS Act (Guiding and Establishing National Innovation for U.S. Stablecoins) sets federal rules for stablecoin issuers, including:
- 1:1 reserve backing in USD or Treasuries
- Monthly audits and public disclosures
- Ban on algorithmic stablecoins
- Priority repayment rights for holders in bankruptcy
💬 Trump’s media company and allies like World Liberty Financial are deeply involved in the stablecoin space, with WLFI’s USD1 token now gaining traction across DeFi platforms.
The bill’s passage is expected to legitimize political ventures and accelerate institutional adoption.
📊 Key metrics:
- Stablecoin market cap: $250B
- Projected growth: $2T by 2028
- WLFI USD1 adoption: 1.3M wallets
- Trump’s crypto holdings: undisclosed
Why it matters:
✅ U.S. now has a legal framework for digital dollars
✅ Political figures are entering crypto with regulatory backing
✅ Stablecoins may become central to global payments and debt strategy
🧠 Is this the start of a regulated crypto boom—or a new era of politicized digital finance?
👇 Are you holding USD1 or watching for the next government-backed token?
📌 Follow me for daily updates on crypto legislation and stablecoin adoption.
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