menu_open Columnists
We use cookies to provide some features and experiences in QOSHE

More information  .  Close

Trump seals the deal on stablecoin bill

2 0
19.07.2025
*{box-sizing:border-box}body{margin:0;padding:0}a[x-apple-data-detectors]{color:inherit!important;text-decoration:inherit!important}#MessageViewBody a{color:inherit;text-decoration:none}p{line-height:inherit}.desktop_hide,.desktop_hide table{mso-hide:all;display:none;max-height:0;overflow:hidden}.image_block img div{display:none}sub,sup{font-size:75%;line-height:0}#converted-body .list_block ol,#converted-body .list_block ul,.body [class~=x_list_block] ol,.body [class~=x_list_block] ul,u .body .list_block ol,u .body .list_block ul{padding-left:20px} @media (max-width:620px){.desktop_hide table.icons-outer{display:inline-table!important}.image_block div.fullWidth{max-width:100%!important}.mobile_hide{display:none}.row-content{width:100%!important}.stack .column{width:100%;display:block}.mobile_hide{min-height:0;max-height:0;max-width:0;overflow:hidden;font-size:0}.desktop_hide,.desktop_hide table{display:table!important;max-height:none!important}.reverse{display:table;width:100%}.reverse .column.first{display:table-footer-group!important}.reverse .column.last{display:table-header-group!important}.row-6 td.column.first .border,.row-8 td.column.first .border{padding:5px 5px 15px 25px}.row-10 td.column.last .border,.row-6 td.column.last .border,.row-8 td.column.last .border{padding:5px 20px 25px 5px}.row-10 td.column.first .border{padding:5px 5px 15px 25px;border-bottom:15px solid transparent}} {beacon}

Technology

Technology

 

The Big Story

Trump seals the deal on stablecoin bill

President Trump signed the first major cryptocurrency bill into law Friday, marking a key milestone for an industry that has found a crucial ally in the president.

© Evan Vucci, Associated Press

He touted the GENIUS Act, which establishes a regulatory framework for dollar-backed digital tokens called stablecoins, as “a giant step to cement the American dominance of global finance and crypto technology.”

“This could be perhaps the greatest revolution in financial technology since the birth of the internet itself,” he said at the signing ceremony, flanked by congressional and industry leaders.

The stablecoin bill faced a lengthy and sometimes halting path to the White House.

After sailing through the Senate Banking Committee earlier this year, the GENIUS Act — Guiding and Establishing National Innovation for U.S. Stablecoins ACT — hit its first snag in the upper chamber in May, when a group of crypto-friendly Democrats pulled their support from the legislation and blocked a procedural vote on the floor.

Several weeks of negotiations produced an updated version of the bill that won back support from most of the crypto-friendly contingent on the left.

After initially promising an open amendment process, GOP leadership scrapped plans to move the bill via so-called regular order when several controversial amendments threatened to derail progress. The GENIUS Act ultimately passed the Senate by a 68-30 vote in late June.

Trump, who has become a key ally to the........

© The Hill