‘Crypto Week’ Climax: Trump to Formalize Stablecoin Rules with GENIUS Act Signing Today
- Trump will sign the GENIUS Act today at 2:30 PM EST, the first major U.S. crypto law.
- Bitcoin, Ethereum, and SPY ETF dropped slightly in anticipation of the announcement.
- Traders await the final language to assess its impact on stablecoins, DeFi, and institutional crypto adoption.
President Donald Trump will sign the GENIUS Act at 2:30 PM ET in the White House today, which marks the first comprehensive crypto regulation passed by the U.S.
Earlier today, Trump posted on Truth Social:
“Big signing at 2:30 in the White House. Congratulations to our GREAT REPUBLICANS…”
Trump to sign historic stablecoin bill this afternoon
The GENIUS Act focuses on stablecoin oversight. It sets strict reserve backing requirements and licenses eligible issuers—including banks, fintech firms, and credit unions.
It also lays out enforcement mechanisms through both federal and state regulators. The bill passed with bipartisan support, signaling a coordinated effort to regulate digital assets after years of fragmented oversight.
Alongside the GENIUS Act, Congress also advanced two related measures: the CLARITY Act, which defines the SEC’s and CFTC’s crypto r…
The post ‘Crypto Week’ Climax: Trump to Formalize Stablecoin Rules with GENIUS Act Signing Today appeared first on Coin Edition.
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‘Crypto Week’ Climax: Trump to Formalize Stablecoin Rules with GENIUS Act Signing Today
- Trump will sign the GENIUS Act today at 2:30 PM EST, the first major U.S. crypto law.
- Bitcoin, Ethereum, and SPY ETF dropped slightly in anticipation of the announcement.
- Traders await the final language to assess its impact on stablecoins, DeFi, and institutional crypto adoption.
President Donald Trump will sign the GENIUS Act at 2:30 PM ET in the White House today, which marks the first comprehensive crypto regulation passed by the U.S.
Earlier today, Trump posted on Truth Social:
“Big signing at 2:30 in the White House. Congratulations to our GREAT REPUBLICANS…”
Trump to sign historic stablecoin bill this afternoon
The GENIUS Act focuses on stablecoin oversight. It sets strict reserve backing requirements and licenses eligible issuers—including banks, fintech firms, and credit unions.
It also lays out enforcement mechanisms through both federal and state regulators. The bill passed with bipartisan support, signaling a coordinated effort to regulate digital assets after years of fragmented oversight.
Alongside the GENIUS Act, Congress also advanced two related measures: the CLARITY Act, which defines the SEC’s and CFTC’s crypto r…
The post ‘Crypto Week’ Climax: Trump to Formalize Stablecoin Rules with GENIUS Act Signing Today appeared first on Coin Edition.
Read More
US House Passes Major Crypto Bills; GENIUS Act Heads to Trump’s Desk