Trump Poised to Sign Groundbreaking Stablecoin Regulation

Trump is expected to achieve a significant milestone in cryptocurrency policy with the impending passage of the GENIUS Act, a bill formalizing U.S. stablecoin regulations.

The stablecoin industry anticipates enhanced legitimacy and increased institutional participation in digital assets.

U.S. Congress Edges Closer to First Crypto Regulation

The U.S. House of Representatives is set to vote on the “GENIUS Act“, poised to be the first major cryptocurrency regulation adopted by Congress. House Republicans, with bipartisan Senate support, are driving this legislative effort. Key events will take place in Washington, D.C., next week.

Approval will solidify a U.S. framework for stablecoins, pegged to the dollar, paving the way for increased legitimacy. Expect changes favoring U.S.-based issuers, impacting existing digital assets like USDT and USDC.

“As President, Trump is positioned to sign the GENIUS Act into law, marking his first major legislative win on crypto policy.” — Donald Trump, President of the United States, source

GENIUS Act’s Potential to Transform Stablecoin Market

Did you know? The GENIUS Act may become the first comprehensive U.S. cryptocurrency regulation, earning bipartisan support unseen in past legislative proposals.

Tether USDt (USDT) continues trading at $1.00 as of July 11, with a market capitalization of 159.11 billion USD, per CoinMarketCap. It represents 4.37% market dominance. The 24-hour trade volume reached 124.86 billion USD, marking a 35.81% increase.

The Coincu research team predicts that regulatory support from the GENIUS Act could drive bank adoption of digital assets, bridging the gap between crypto and traditional finance. Enhanced regulatory clarity will likely spur innovation in stablecoin-related technologies as well.