Trump Launches a New Era for Stablecoins in the US with “GENIUS”

A historic turning point on the American crypto market: US President Donald Trump officially signed the “GENIUS” law on innovation and management of stablecoins in the country, reported whitehouse.gov. This decision is expected to completely change the order in national digital finance, strengthen the dollar’s position as the world’s reserve currency, and turn the US into a leader in digital assets.

According to the new law, stablecoins — that is, cryptocurrencies whose value is pegged to the US dollar or government treasury bonds — will now be federally regulated. From now on, stablecoin issuers are required to openly publish the composition of their reserves every month.

The White House statement emphasizes that the “GENIUS” law creates a clear legal basis for increasing demand for US government debt and strengthening the role of the dollar in the international financial system. The signing ceremony was attended by executives of the country’s leading technology and crypto companies.

According to Trump, this reform “creates the first federal system in history to regulate stablecoins” and may be the biggest revolution in digital financial technologies. Now, US officials also have the legal right to buy and use stablecoins.

The bill was passed in the US Congress with broad bipartisan support. However, Democrats tried to introduce a clause prohibiting officials and their families from participating in stablecoin-related businesses, but this amendment was rejected.

Analysts emphasize that this law opens a clear path for dollar-backed digital currencies and makes the US crypto market globally competitive. According to CoinGesko, the current stablecoin market exceeds $260 billion, and Standard Chartered bank predicts that by 2028 this figure could reach $2 trillion.

Many experts and economists note that this historic step marks a new stage in American finance and technological innovation. With the “GENIUS” law, the US may well become the main player in the crypto market. Read 'Zamin' on Telegram!