In a historic move for the cryptocurrency industry, President Donald Trump signed the GENIUS Act into law, aiming to position the United States as the global hub for cryptocurrency and Bitcoin. This legislation lays a robust regulatory framework for dollar-backed stablecoins, which Trump described as “perhaps the greatest revolution in financial technology since the birth of the internet.” With this act, the administration is enhancing the legal landscape for digital assets, paving the way for future innovations in the financial sector.
At the signing ceremony held on July 18, 2025, Trump expressed confidence in the transformative potential of the GENIUS Act. He stated, “This is really a big day. This is a very big thing,” crediting Senator Bill Hagerty for his role in bringing the bill to fruition. Trump’s commitment to becoming the crypto capital of the world reflects his ongoing dedication to integrating cryptocurrency into American finance.
While the GENIUS Act primarily focuses on stablecoins, it is poised to have a ripple effect across all digital assets, increasing trading volumes on exchanges and fostering an environment ripe for crypto innovation. This will benefit a range of stakeholders in the industry, from investors to financial institutions. Notably, the act does not address Bitcoin directly but provides a clearer regulatory backdrop that could enhance its adoption and significance among American investors.
During the ceremony, Trump recalled his groundbreaking speech at the Bitcoin Conference, where he became the first president to address such an audience, and vowed to push further into the realm of digital currencies. He listed numerous initiatives his administration has undertaken, including the formation of a presidential working group on digital assets and the establishment of strategic Bitcoin reserves through executive orders. These moves indicate a strategic pivot towards embracing the crypto economy fully.
Trump emphasized the GENIUS Act’s resolution of critical infrastructure gaps in the existing American financial system, highlighting that many payment processes remain outdated and inefficient. The new act lays out a framework for financial institutions to issue crypto assets backed dollar-for-dollar with real U.S. dollars, thereby enhancing transactional fluidity and security for American citizens. Furthermore, the act is expected to increase demand for U.S. Treasuries, reinforcing the connection between cryptocurrency and traditional financial instruments.
Additionally, Trump reaffirmed his stance against central bank digital currencies, maintaining his pledge never to allow such a system in the United States. This position underscores the administration’s commitment to creating a unique regulatory environment that favors decentralized forms of money.
AI & Crypto Czar David Sacks remarked on the importance of this legislative achievement, stating, “Today you have another historic legislative achievement and it is a step to making the United States the crypto capital of the world. The GENIUS Act will unlock dominance in the crypto industry by creating rules of the road.”
Looking forward, Trump promised more crypto-related legislation later in the year, calling the crypto industry “a really hot industry,” which indicates a sustained momentum for Bitcoin and digital asset development across America.
