Trump Signs the GENIUS Act

President Donald Trump signed the GENIUS Act just one day after it passed the House of Representatives with a 306–122 vote.

The bill became the first federal crypto law in the US, establishing strict rules for stablecoin issuers — including full 1:1 reserves, regular audits, and mandatory registration with federal or state regulators.

Trump signed the bill in a closed session on Friday morning. Celebrating the signing, the president jokingly told reporters, “It’s called the GENIUS Act. I think they named it after me.”

President Trump Signs the Stablecoin GENIUS Act

“Crypto Czar” David Sacks, who played a key role in negotiations, said the bill was “dead” earlier in the week until “we had the secret weapon — the Commander-in-Chief himself,” referring to Trump’s intervention.

Despite bipartisan support, some hardline Republicans remain opposed. Representative Marjorie Taylor Greene posted on X (formerly Twitter):

“Congress is passing a bill today (GENIUS Act) that opens the back door to a central bank digital currency (CBDC)… The Fed has been working on this for years… The end goal is a cashless society.”

She criticized House Republicans for passing GENIUS without securing Senate backing for the official ban on CBDC. The Anti-CBDC Act has yet to pass the Senate.

Supporters of GENIUS argue it bans algorithmic stablecoins and requires full dollar reserves, offering a safe foundation for regulated digital dollars rather than government-controlled currencies.

With Trump’s signature, the GENIUS Act becomes law immediately. US regulators must develop full licensing and oversight rules for stablecoins by 2026.

See also: "US House of Representatives Passes Three Key Cryptocurrency Bills Ahead"

#GENIUS Act #Trump

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