Trump Advances GENIUS Act: Crypto Market Surge

President Trump pushes the GENIUS Act forward to support cryptocurrency adoption, with a signing ceremony scheduled in Washington, D.C.

The GENIUS Act aims to provide regulatory clarity, reviving market sentiment and boosting prices.

GENIUS Act Impacts Crypto Legislation and Market

President Trump has been actively championing the GENIUS Act, which aims to foster widespread cryptocurrency adoption. His strategies include collaboration with Republicans and planned signing ceremonies with industry leaders.

The GENIUS Act’s introduction is closely linked to boosting regulatory clarity within the crypto sector. This legislative push stems from the necessity to provide clear frameworks to protect the industry from adverse impacts witnessed under the prior administration.

“The industry will benefit from access to sensible, predictable rules instead of arbitrary enforcement.” — Brian Armstrong, CEO, Coinbase

Bitcoin Price Surge and Economic Implications

Did you know? When Trump won the 2024 election, Bitcoin rallied over 25%, demonstrating a strong precedent for the reaction to pro-crypto policies.

As reported by CoinMarketCap, Bitcoin (BTC) is priced at $118,656.10 with a market cap of formatNumber(2360507242020.94, 2). With price fluctuations of +4.38% in the last 7 days, Bitcoin’s dominant market position highlights its increased stability and influence following the legislative progress.

According to Coincu research, this move indicates a shift towards constructive regulations. Such policies promise to strengthen both crypto-native and TradFi synergies, enhancing market stability and innovation potential.