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President Trump signs the GENIUS Act, and says the first federal bill to regulate stablecoins will “secure the dollar's status as the world's reserve currency”

President Donald Trump signed the first federal bill to regulate stablecoins, hailing it as a “giant step …

Bloomberg

Discussion

  • @paoloardoino Paolo Ardoino on x
    Incredibly honored and grateful for the invitation to watch @POTUS sign the Genius Act today.  Tether has already brought over 160 billion USDT to over 500 million users worldwide.  Now that President Trump has led the United States to embrace digital assets, we believe we can in…
  • @secscottbessent Treasury Secretary Scott Bessent on x
    Today, President Trump signed the GENIUS Act into law, a historic piece of legislation that will pave the way for the U.S. to lead the global digital currency revolution. [video]
  • @s_alderoty Stuart Alderoty on x
    Honored to be at the White House for the signing ceremony of the GENIUS Act into law! As promised, this is the most crypto-forward Administration we've ever seen. [image]
  • @matt_hougan Matt Hougan on x
    Folks need to stop making careless comparisons between stablecoins and the “free-banking era” of the 1830s. In the free-banking era, local banks were able to issue notes in far-flung territories of the United States. They ran into trouble when the notes were backed by weak
  • @secscottbessent Treasury Secretary Scott Bessent on x
    Blockchain technologies will power the next generation of payments, and the U.S. dollar is coming onchain.  Thanks to President Trump's visionary leadership, and @SenatorHagerty 's important work in Congress, the GENIUS Act will help cement the U.S. dollar as the global reserve c…
  • @brian_armstrong Brian Armstrong on x
    I hope people realize how important this moment is for crypto. GENIUS is the first federal crypto bill signed into law, with more on the way. The financial revolution starts here.
  • @whitehouse @whitehouse on x
    “I pledged that we would bring back American liberty and leadership and make the U.S. the crypto capital of the world... The Genius Act creates a clear and simple regulatory framework to establish and unleash the immense promise of dollar-backed stablecoins.” -President Trump [vi…
  • @luke_metro @luke_metro on x
    Lots of chatter about how the Tech Right has been a failure but this probably makes it all worthwhile for ~50% of them even if broader crypto reform stagnates
  • @whitehouse @whitehouse on x
    ✅ GENIUS ACT SIGNED INTO LAW “The GENIUS Act creates a clear and simple regulatory framework to establish & unleash the immense promise of dollar-backed stablecoins. This could be perhaps the GREATEST revolution in financial technology since the birth of the internet itself.” [im…
  • @brian_armstrong Brian Armstrong on x
    It was a pleasure to celebrate the GENIUS act becoming law with @DavidSacks, @SenatorHagerty and @jerallaire. A historic day for the crypto industry. We're unlocking the future of payment innovations - and we're just getting started. [image]
  • @davidsacks47 David Sacks on x
    President Trump keeps delivering historic victories. Today it was the signing of the GENIUS Act, which creates a legal framework for stablecoins. This law will unlock American dominance in the crypto industry by creating clear rules of the road, reversing the
  • @bhorowitz @bhorowitz on x
    It was an honor to be present @WhiteHouse to see @POTUS sign into law America's first crypto legislation. This is truly a historic moment. Stablecoins and crypto offer a full upgrade to the financial and payment systems. It offers an egalitarian system that doesn't care about [im…
  • @rapidresponse47 @rapidresponse47 on x
    .@davidsacks47 delivers remarks prior to @POTUS signing the GENIUS Act into law: “Today, you have another historic legislative achievement that is a monumental step to fulfilling your promise to making the United States the Crypto Capital of the world.” [video]
  • @matt_hougan Matt Hougan on x
    Great piece from @nic__carter on stablecoins and the spurious comparisons to the free banking era. Love this point: “As for the consumer benefit of private versus public money, one only has to consider what happened after the free banking episode in the U.S. Monetary issuance
  • @paxos @paxos on x
    The GENIUS Act is officially signed. Thank you to @POTUS, @DavidSacks, @BoHines, @SenatorHagerty, @SenLummis, @SenatorTimScott, @SenGillibrand, @Sen_Alsobrooks, @RepFrenchHill, @RepBryanSteil, @GOPMajorityWhip, @RepRitchie and many others for their leadership on stablecoins. [ima…
  • @nic__carter Nic Carter on x
    Trump inviting Tether CEO @paoloardoino to the GENIUS Act signing ceremony and shouting him out by name seems notable
  • @circle @circle on x
    Today marks a historic step for digital finance. The GENIUS Act is now law, establishing the first clear federal framework for payment stablecoins in the U.S. At Circle, we've long supported transparent rules that strengthen the financial system and unlock responsible [image]
  • @ericldaugh Eric Daugherty on x
    🚨 BREAKING - OFFICIAL: The major pro-crypto GENIUS Act is now the law of the land following President Trump's final signature “This is not an autopen by the way.” Trump swooped in when Speaker Johnson was having a hard time securing all the GOP votes, and flipped them to YES [vid…
  • @nic__carter Nic Carter on x
    biggest days in political crypto history: - Trump elected - spot BTC ETF approved - GENIUS Act signed into law [image]
  • @chrisbarrett Chris Barrett on x
    Thank you, @realDonaldTrump, for helping America lead and for helping the crypto industry lead the world. The GENIUS Act is a major step forward. Chainlink will power the onchain future. [image]
  • @rapidresponse47 @rapidresponse47 on x
    🚨 @POTUS signs the GENIUS Act into law — a historic piece of legislation that will pave the way for the United States to lead the global digital currency revolution. [video]
  • @bankinggop @bankinggop on x
    🚨BREAKING: President Trump has officially signed the GENIUS Act into law. Chairman @SenatorTimScott, @SenatorHagerty, @SenLummis and their colleagues are working to cement the U.S. as the crypto capital of the world. https://www.banking.senate.gov/ ...
  • @senatortimscott Tim Scott on x
    Promises made, promises kept! Thanks to President Trump for signing the first U.S. digital assets legislation into law. The GENIUS Act will help ensure America is the crypto capital of the world, and protect consumers and strengthen our national security.
  • @ondofinance @ondofinance on x
    Crypto Week has delivered. The GENIUS Act is now law, providing long-overdue clarity for stablecoin issuers, protections for consumers, and defined guidelines for regulators. With the CLARITY Act also advancing through the Senate, the US took a major step toward defining [image]
  • @krakenfx @krakenfx on x
    📣 Momentum is building in Washington. 🇺🇸 The GENIUS Act has been signed into law. 🏛️ Market structure legislation is moving to the Senate with strong bipartisan support. Clear, thoughtful regulation isn't just possible—it's coming. Let's keep pushing for rules that protect
  • @chainlink @chainlink on x
    Moments ago at the White House (@WhiteHouse), Chainlink's @SergeyNazarov joined senior government and digital asset leaders as U.S. President Donald Trump (@realDonaldTrump) signed the GENIUS Act into law. From representing the blockchain industry at key public and private [image…
  • @stellarorg @stellarorg on x
    The GENIUS Act is signed, sealed, delivered. SDF's Chief Legal and Policy Officer Candace Kelly explains what it could mean for the industry: [video]
  • @coindesk @coindesk on x
    🇺🇸 JUST IN: President Trump jests that the GENIUS act was named after him. [video]