U.S. President Donald Trump signed the GENIUS Act into legislation on the White Home on Friday afternoon, marking a landmark win for crypto coverage proponents.
Donald Trump Ratifies The GENIUS Act
Often known as the Guiding and Establishing Nationwide Innovation for U.S. Stablecoins (GENIUS) Act, the invoice’s signing left Trump all smiles as he provided his congratulations whereas addressing key U.S. lawmakers and reporters on the watershed invoice signing on July 18.
.@POTUS: "The GENIUS Act — they named it after me."
pic.twitter.com/TpqvTCmNxO
— Speedy Response 47 (@RapidResponse47) July 18, 2025
“We labored onerous. It’s a vital act—the GENIUS Act—they named it after me,” Trump joked. “I need to thanks. It is a hell of an act.”
“Let me say, your complete crypto neighborhood, for years you have been mocked and dismissed and counted out,” the president continued. “You have been counted out as little as a yr and a half in the past—however this signing is an enormous validation.”
Crypto Laws Triumphs Regardless of Pushback From U.S. Lawmakers
Trump’s commentary comes simply someday after the GENIUS Act handed by means of the chamber in a 308-122 vote on Thursday in the course of the Republican Social gathering’s self-declared “Crypto Week.”
The important thing stablecoin invoice was simply one in every of three items of hotly debated crypto laws up for consideration this week within the Home of Representatives, alongside the CLARITY Act and the Anti-CBDC Act.
All three of the crypto payments failed throughout a procedural vote on Tuesday that noticed U.S. President Donald Trump maintain late-night talks with holdout lawmakers.
The ratification of the GENIUS Act has largely been praised by members of the crypto neighborhood, although a number of high-ranking Democrats have pushed again in opposition to the development.
Congresswoman Maxine Waters (D-CA) launched her personal “Anti-Crypto Corruption Week” in opposition to the development of the three key items of crypto laws.
“These payments throw hardworking People beneath the bus, placing them in danger for a future monetary disaster—all to legitimize Donald Trump’s crypto scams,” Waters stated in a current assertion.
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