19.07.2025 06:41

Former US President Donald Trump made history by publicly signing the GENIUS Act, a landmark cryptocurrency bill, into law. This momentous occasion marked the first time the United States enacted comprehensive legislation specifically targeting the burgeoning cryptocurrency market. The bill, previously approved by the House of Representatives, primarily focuses on regulating stablecoins.

The signing of the GENIUS Act has been hailed by experts as a watershed moment in the crypto space. Noelle Acheson, a respected economist and author of the "Crypto is Macro Now" newsletter, declared it "the biggest crypto development of the year," placing its significance on par with major SEC regulatory shifts. She highlighted the unprecedented nature of the law within the context of the world's largest financial market, emphasizing both its practical importance and symbolic weight.

Acheson further emphasized the long-term implications of this legislative achievement. Unlike executive orders, which can be easily reversed by subsequent administrations, the GENIUS Act's provisions carry the force of law, ensuring enduring impact. She predicted that the integration of stablecoins into the global financial system will become so pervasive that future attempts to overturn the legislation will prove ineffective.

Concurrently, the House of Representatives passed another significant cryptocurrency bill, the CLARITY Act, which proposes a more extensive restructuring of the crypto market. This comprehensive piece of legislation is now awaiting Senate approval, potentially leading to further significant regulatory developments in the US cryptocurrency landscape.

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