19.07.2025 02:20
A landmark moment in cryptocurrency regulation is unfolding. Bo Hines, Executive Director of the U.S. Presidential Advisory Council on Digital Assets, has just revealed that President Donald Trump will imminently sign the GENIUS Act into law. This sweeping legislation represents the most comprehensive regulatory framework for cryptocurrencies ever enacted in the United States.
Hines lauded the forthcoming signing, stating that it will bolster the dollar's global standing, foster technological innovation within the cryptocurrency space, and firmly establish the U.S. as a dominant force in the future of digital finance. The GENIUS Act, overwhelmingly approved yesterday by the House of Representatives, marks the first major piece of national cryptocurrency legislation. Its passage will solidify its position into law upon the President's signature.
The GENIUS Act introduces a robust regulatory framework specifically designed for stablecoin issuers. These digital assets, designed for swift and economical transactions by maintaining a $1 peg, will now operate under a clear set of rules. Key provisions mandate a 1:1 collateralization of each stablecoin with low-risk assets, ensuring transparency and stability. Further, issuers must adhere to rigorous anti-money laundering (AML) regulations and be accountable to either state or federal regulatory bodies.
Treasury Secretary Scott Bessent’s June prediction of exponential stablecoin market growth – from $195 billion to over $2 trillion – is now poised for realization. This significant expansion reflects the anticipated impact of this new regulation. President Trump's campaign promise to transform the U.S. into the global "crypto center" is nearing fulfillment, bolstered by the House's prompt response to his direct request to deliver the bill without amendments. Today's signing ceremony signifies a pivotal step towards realizing this ambitious goal.
*This is not investment advice. For exclusive news, analytics, and on-chain data, follow us on Telegram and Twitter.* Information sourced from internet resources.
