- Trump will sign the GENIUS Act today at 2:30 PM EST, the first major U.S. crypto law.
- Bitcoin, Ethereum, and SPY ETF dropped slightly in anticipation of the announcement.
- Traders await the final language to assess its impact on stablecoins, DeFi, and institutional crypto adoption.
President Donald Trump will sign the GENIUS Act at 2:30 PM ET in the White House today, which marks the first comprehensive crypto regulation passed by the U.S.
Earlier today, Trump posted on Truth Social:
“Big signing at 2:30 in the White House. Congratulations to our GREAT REPUBLICANS…”
Trump to sign historic stablecoin bill this afternoon
The GENIUS Act focuses on stablecoin oversight. It sets strict reserve backing requirements and licenses eligible issuers—including banks, fintech firms, and credit unions.
It also lays out enforcement mechanisms through both federal and state regulators. The bill passed with bipartisan support, signaling a coordinated effort to regulate digital assets after years of fragmented oversight.
Alongside the GENIUS Act, Congress also advanced two related measures: the CLARITY Act, which defines the SEC’s and CFTC’s crypto roles, and the Anti-CBDC Surveillance State Act, which blocks the issuance of a Federal Reserve digital currency.
Related: US House Passes Major Crypto Bills; GENIUS Act Heads to Trump’s Desk
Bitcoin and S&P 500 dip as traders wait for details
Equities and crypto markets are already responding. The SPDR S&P 500 ETF (SPY) dropped 0.08% to 627.51 by 11:26 AM EDT, ahead of Trump’s 2:30 PM signing. The ETF opened at 629.06 and declined steadily through the morning, signaling cautious sentiment before the GENIUS Act announcement.
Bitcoin dropped 0.26% to $117,891 and slipped below its 50-hour EMA, while Ethereum fell 0.97% to $3,552, also trading under its trend line. Both assets pulled back after strong rallies earlier this week, as traders paused ahead of the GENIUS Act signing to assess its regulatory tone.
What the new law could mean for the crypto market
If the legislation includes clear rules and opens the door for institutional adoption, digital assets could rally. On the other hand, clauses that increase compliance costs or limit innovation might trigger a downturn—especially for stablecoin issuers and DeFi platforms.
Meanwhile, bond markets show minimal movement. Yields are stable, though analysts warn they could rise if the law includes clauses that influence fiscal strategy or market liquidity. Volatility indexes remain low, but they may spike after the announcement depending on the market’s interpretation.
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Source: https://coinedition.com/trump-genius-act-signing-crypto-week-climax/