President Donald Trump signs the GENIUS Act, officially known as the Guiding and Establishing National Innovation for U.S. Stablecoins Act, into policy on July 18, 2025. This bill, which is a turning point in digital asset history, also marks the very first federal piece of legislation in the U.S. that regulates stablecoins.
From the White House Trump announced we have taken a giant step toward solidifying American preeminence in global finance and crypto technology. The GENIUS Act, signed by Trump, says that all stablecoins must be 100% backed by U.S. dollars or what are in effect dollars. It includes monthly audits and puts in very tough compliance measures. These measures are for both domestic and foreign issuers that will have over $50 billion in circulation.
The bill which has passed does away with an extended void in our regulation. It also brings to investors and developers the greatly desired clarity. Furthermore, it is the US government’s foray into the issue of Web3 policy.
Trump Signs GENIUS Act Amid Crypto Market Boom
Coinciding at the same time as the legislation’s passage, the global crypto market cap hit $4T for the first time. By July 17, 2025 Bitcoin is at the top with a $2.39T market cap which is almost 60% of the total. Also in the picture are large gainers Ethereum, XRP, and Solana. They all had great weekly growth because Trump signed the GENIUS Act.
Market observers referred to this as “Crypto Week” which came about after Congress passed three key digital asset bills. Bitcoin hit a record high of $123,205 and XRP went past its 2018 mark to trade at $3.64.
Vincent Liu the CIO at Kronos Research said we are seeing more than a bull run here. We are seeing a structural re-evaluation of crypto’s role in the global financial system. This is connected to Trump’s signing of the GENIUS Act.
Regulatory Clarity Fuels Institutional Crypto Expansion
The GENIUS Act comes as Wall Street ramps up its crypto play. JPMorgan also reported that central banks are shifting to support stable and compliant tokenized bank deposits. They see these as a better option than stablecoins.
At the same time Thumzup Media, which has a stake from Donald Trump Jr., gave the go ahead for a $250 million crypto investment strategy. They will be putting away a mix of Bitcoin, Ethereum, and stable coins such as USDC. This follows a growing trend of U.S. businesses’ faith in crypto.
Decentralized exchange dYdX reported that it has acquired its first external company. This company is social trading startup Pocket Protector. This is a step forward in what we are seeing towards wide scale adoption and growth of the crypto space. It is influenced by Trump and the GENIUS Act.
