19.07.2025 02:27
Two prominent figures in the cryptocurrency industry, Brian Armstrong of Coinbase and Jeremy Allaire of Circle, will be present at the White House for a landmark event. President Trump is scheduled to sign the GENIUS Act into law, a significant regulatory milestone for the cryptocurrency sector. Their attendance underscores the importance of this legislation to the future of digital assets.
The GENIUS Act, along with the CLARITY Act and the Anti-CBDC Act, recently passed through Congress. This legislative trifecta represents a major victory for the cryptocurrency community, marking the culmination of a week of significant legislative progress. The signing ceremony is set for July 18th, 2025, at 2:30 pm.
Armstrong, whose Coinbase platform is the largest U.S. cryptocurrency exchange, expressed his enthusiasm on X (formerly Twitter). He hailed the GENIUS Act as a crucial step forward, furthering crypto innovation and widespread adoption within the United States. His post included a picture and emphasized the Act's role in initiating a financial revolution.
Allaire echoed Armstrong's sentiment, describing the GENIUS Act on X as a transformative piece of legislation with far-reaching implications. He declared the signing a momentous occasion, signaling the integration of the global financial system with internet-based technologies.
The GENIUS Act, specifically targeting stablecoins, enjoyed substantial bipartisan support in the House, achieving a resounding 308-122 vote. This decisive passage, combined with the President's impending signature, concludes what's been dubbed "Crypto Week" on a triumphant note for the industry. This legislative success comes from internet sources.