Donald Trump Signs GENIUS Act Into Law, Boosting Crypto Policy

U.S. President Donald Trump signed the GENIUS Act into law, marking a significant milestone for cryptocurrency proponents. The Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act was ratified in a White House ceremony, with Trump quipping, "They named it after me."

The bill passed the House with a 308-122 vote during the Republican Party's "Crypto Week," alongside other debated legislation like the CLARITY Act and Anti-CBDC Act. Trump framed the signing as a validation for the crypto community, which he said had been "mocked and dismissed" for years.

The GENIUS Act represents a watershed moment for stablecoin regulation, potentially accelerating institutional adoption of digital assets. Its passage signals growing political acceptance of cryptocurrencies as a legitimate financial innovation.