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Trump signs new stablecoin regulations into law, a major milestone for crypto industry
BY , Jul 18, 2025 8:57 PM - REPORT AN ERROR
President Donald Trump has signed the GENIUS Act into law. (Photo - The Canadian Press)
President Donald Trump has signed the GENIUS Act into law, setting new regulations for stablecoins, a type of cryptocurrency tied to assets like the U.S. dollar.
The law, passed with bipartisan support, introduces consumer protections and aims to boost confidence in the crypto industry.
On Friday, Trump called the move a step toward cementing U.S. dominance in global finance and crypto technology.
A provision bans Congress members from profiting off stablecoins but excludes the president and his family.
Meanwhile, the House passed two additional crypto-related bills, now heading to the Senate, to reshape market structures and limit Federal Reserve actions.
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