The GENIUS Act: A Milestone in Crypto Legislation
On July 18, 2025, history was made as U.S. President Donald Trump signed the GENIUS Act into law, marking a significant milestone in the world of cryptocurrency. This groundbreaking legislation, which governs stablecoins, is the first major piece of crypto legislation to become law in the United States.
The signing ceremony was attended by lawmakers and industry executives, all gathered to witness this historic moment. Among the attendees were White House Crypto and AI Czar David Sacks, Commerce Secretary Howard Lutnick, and the Winklevoss twins, Cameron and Tyler. The presence of industry leaders such as Coinbase’s Kara Calvert, Faryar Shirzad, and Paul Grewal, as well as Tether’s Paolo Ardoino, underscored the importance of this legislation for the crypto community.
During the ceremony, President Trump highlighted the significance of the GENIUS Act and the role it plays in shaping the future of digital currency. The signing took place in the White House’s East Room, with attendees watching in anticipation as the President put pen to paper.
One of the key moments of the event was when Coinbase CEO Brian Armstrong spoke with House Speaker Mike Johnson about the impact of the GENIUS Act on the industry. The presence of Vice President JD Vance and House Majority Whip Tom Emmer added to the gravity of the occasion.
The GENIUS Act represents a major step forward in the regulation of stablecoins and sets a precedent for future crypto legislation in the United States. With the support of industry leaders and lawmakers, this legislation paves the way for a more secure and stable crypto ecosystem.
As the crypto industry continues to evolve, the GENIUS Act stands as a shining example of collaboration between government and industry to create a regulatory framework that fosters innovation and growth. Its impact will be felt for years to come, shaping the future of digital currency in the United States and beyond.