U.S. President Donald Trump has signed the Geicus Act into law. This new bill aims to set simple rules for stablecoins, which are types of crypto that stay close to the value of dollars.
The Genius Act is the first big law in the U.S. that puts clear guidelines around stablecoins. These are special kinds of crypto that tie their value to something steady—like the U.S. dollar. Commonly, stablecoins help people trade crypto more safely and quickly.
Coinbase CEO Brian Armstrong said signing this law marks: “very first federal crypto law… and it’s the official beginning of a financial revolution.” He added that Congress has more crypto laws in the pipeline.
Treasury Secretary Bessent described the law as a truly “historic” move. He highlighted that the new law “sets the stage for the U.S. to take the lead in the global digital currency space” .
Clear rules help people and banks feel safer using and investing in stablecoins. With official backing, stablecoins could be used more in daily life and big cross-border trades. This law may be just the start—more crypto laws could follow this year.
Some worry that stablecoin firms could get too much power or that big players may influence rules. Still, many supporters say having some rules is better than none.
Conclusion:
The Genius Act shines a spotlight on stablecoins and crypto. It sends a message that the U.S. is open to digital finance, but also serious about safety and trust. It’s early days, but this could be just the start of big changes in how America deals with digital money.
Read also: SEC Chair Paul Atkins calls the Genius Act important for Crypto Innovation
One thought on “Genius Act Becomes Law A New Dawn for Stablecoin Rules”
Comments are closed.