The GENIUS Act, aimed at regulating stablecoins, will be signed into law with key industry leaders present at the White House, highlighting a pivotal moment for U.S. cryptocurrency legislation.
President Trump is poised to sign the GENIUS Act into law, establishing a regulatory framework for stablecoins. The act received bipartisan support in Congress, passing with a 308-122 vote. Key industry figures, including Coinbase's Brian Armstrong and Circle's Jeremy Allaire, will witness the signing, marking a significant step in U.S. crypto regulation. This event follows the passage of the Anti-CBDC Act, which prohibits the Federal Reserve from issuing a central bank digital currency, reinforcing the U.S.'s commitment to responsible innovation in the digital asset sector.