President Trump signed the GENIUS Act into law, marking a historic milestone for the crypto industry. The legislation establishes the first clear federal framework for payment stablecoins in the United States.
🔍 Key points:
– Stablecoins are now officially recognized and regulated at the federal level.
– Issuers must hold 100% reserves and comply with stringent consumer protection rules.
– The law exempts regulated stablecoins from SEC and CFTC jurisdiction.
💬 Why it matters:
This act provides long-awaited clarity for crypto businesses and investors. It’s a major step toward legitimizing blockchain finance in the U.S. and could accelerate institutional adoption.
📈 Market reaction: Stablecoin supply surged by $4B in one week, and crypto stocks rallied across the board.
👉 This could be the start of a regulatory boom for U.S. crypto markets.