In a move shaking up both Wall Street and Washington, President Donald Trump just signed the GENIUS Act.
The GENIUS Act is a sweeping new law aimed at regulating stablecoins, a type of cryptocurrency pegged to the U.S. dollar.
It’s a big win for an industry that’s spent millions lobbying to legitimize itself in D.C.
“For years you were mocked and dismissed,” Trump told a packed White House room of crypto execs and GOP lawmakers.
“This signing is a massive validation of your hard work.”
The law, which passed Congress with broad bipartisan support, sets guardrails for stablecoins.
What’s In The Law?
It offers consumer protections and sparks what Trump hopes will be a crypto boom.
And yes, he’s fully leaning into it. Once a skeptic, Trump now calls crypto “good for the dollar and good for the country.”
He even joked that the GENIUS Act—short for Guiding and Establishing National Innovation for U.S. Stablecoins—was named after him.
But not everyone’s laughing.While the law bans members of Congress from profiting off stablecoins, the same rules don’t apply to the president.
The same rules don’t apply to the president.
The president just happens to have family stakes in a crypto firm backed by UAE investors.
So is this the start of a digital dollar dynasty—or just politics going full blockchain? Either way, crypto just got its seat at the table.
