The United States is on the verge of enacting its most ambitious cryptocurrency regulation yet, as President Donald Trump prepares to sign the GENIUS Act into law—a bill designed to bring structure to the fast-growing stablecoin market.
The legislation, formally known as the Guiding and Establishing National Innovation for US Stablecoins Act, outlines strict requirements for dollar-pegged digital assets.
Issuers will need to fully back their tokens with low-risk reserves, register with state or federal authorities, and enforce strong anti-money laundering protections.
Bo Hines, who leads the White House’s digital assets advisory council, described the move as a historic step toward safeguarding the dollar and asserting American dominance in the digital economy. His statement echoed the administration’s broader strategy to turn the U.S. into a global leader in crypto policy and innovation.
The GENIUS Act passed both chambers of Congress with strong support, following a direct request from Trump to deliver the bill unaltered. Treasury Secretary Scott Bessent has projected that the legislation could propel the stablecoin sector past $2 trillion, dramatically expanding its current $195 billion footprint.
Trump’s signature will officially trigger the law’s rollout, advancing his campaign promise to make the U.S. the epicenter of digital finance.
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics.
Source: https://coindoo.com/americas-first-major-stablecoin-law-heads-to-trumps-desk/