Trump Signs GENIUS Act Into Law, Ushering In Crypto’s Integration With US Economy

President Donald Trump signed on Friday in the US first major law on cryptocurrency by legislation, green illuminating and trading stable stems in the United States.

At the ceremony held in the eastern room of the White House, which was attended by many of the most famous leaders of the crypto industry, Trump welcomed the signing of the Law, called the Geni Law, as a great realization of his second term.

“I promised to bring back US freedom and leadership and make the United States of Kripto the main city of the world,” Trump said, “and we did that.”

Trump took the opportunity to highlight other crypto moves he made from returning to the White House, including signing an executive order Establish Bitcoin Reserve and Digital Asset Stockpiletogether with Pardon Bitcoin icon and founder Silk Road Ross Ulbricht. He also behaved his promise to ensure that the US would not have a digital Central Bank’s digital currency, or a CBDC, which he signed an executive command in January prohibit.

The event was attended by numerous heavy weights of the crypto industry, including Coinbase CEO Brian Armstrong, Circle Executive Director Jeremy Allaire, Robinhood Executive Director Vlad Tenev, Teter Director Paolo Ardoino, co-founders of Kraken Dave Ripley and Gemini by Tyler and Cameron Winkle.

Vice President JD Vance was also present for signing, together with the new presidency SEC, Paul Atkins and SEC commissioners, Mark Uyed and Hester Peirce.

Trump also called for the presence of Bo Hines, the executive director of the presidential council of the digital asset adviser, as well as David Sacks, president of the Presidential Council of Science and Technology Advisor. Sacks talked to the crowd after the initial comments of President Trump.

“The first six months of this administration was more successful than any administration in history, in terms of what was done,” Sacks said. “It’s just amazing. Trump President worked on” Tech Speed “. We’re used to working quickly in the Silicon Valley, but even it’s fast for us in the Silicon Valley.”

Stablecoins are a digital assets, usually related to US dollar value, which are designed to remain stable in price and allow cryptocurrencies to traders to easily enter and come out of the dollar access positions directly. Thus, they are considered a key ramp between the crypto market and traditional finance.

It is now signed in the law, the ingenious law – which establishes a framework for the issuance and trading of stabicini – is willing to unlock a huge interest in cryptocurrencies from shoresTraditional Finance Players and Main traderswho have all expressed great interest in adoption and publishing stabible in recent months.

These companies, however, generally want to wait forward to moving forward with the Stablecoin projects until the sector has received blessing Federal governments. Now there is.

“Stablecoini are in a turning point, “said Jesse McWateters, head of Mastercard Global Policy, said in a statement that is shared with Decipher. “The adoption of the Genial Law of the US Congress signals a new era of regulatory clarity and trust in digital property.”

Trump’s administration, congress Republicans and the leaders of the crypto industry all took away the circles of victory in hours since he brought home yesterday.

While in the account it was widely expected to go with two -sided support – and in the end make-Thematic “Crypto Week” on Capitol Hill was almost fired a few days ago when the faction of right -wing Republicans Tank procedural voices On several Digital Property Acts, the Pro-Crypto Democrats on the left covered the legislation and some of the advocates of the cryptocurrency attacked Accounts are not sufficiently favorable to their industry.

While the ingenious act firmly legalizes the stabiblecoin sector, much of the crypto industry still remains in the relative legal recess, despite the resolutely favorable action Recently, regulators, including sec.

A separate account for a cryptocurrent market structure, which is considered The main prize Of the most powerful Crypto companies, they would firmly legalize most of the crypto activities, and is currently breaking through Congress – although his chances of passing have long been considering Frightening than the less expansive account of stabiblecoin today.

On Thursday, however, the proposal of the Market Structure Act adopted a vote in the House, gathering the support of almost all Republicans and 78 Democrats.

“We should celebrate a little, but we also don’t think anyone is complacent,” Tenev said Decipher on Friday. “It’s a big step, but of course, it’s not the end. We want to have clarity about tokenizing securities. And private capital is something we care about.”