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"They named it after me!", says Donald Trump while signing the GENIUS Act
Updated On: 19 July, 2025 08:52 AM IST | Washington | ANI
The GENIUS Act is a historic piece of legislation that aims to pave the way for the United States to lead the global digital currency revolution
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US President Donald Trump displays the GENIUS Act (Guiding and Establishing National Innovation for US Stablecoins Act), which codifies the use of stablecoins -- cryptocurrencies pegged to stable assets like the US dollar or US bonds -- after signing it in the East Room of the White House in Washington. Pic/AFP
US President Donald Trump on Friday (local time) signed into Law S. 1582 GENIUS Act.
The Act aims to regulate payment stablecoins.
The White House in an official statement said, "On Friday, July 18, 2025, the President signed into law: S. 1582, the "Guiding and Establishing National Innovation for U.S. Stablecoins Act" or "GENIUS Act," which provides for the regulation of payment stablecoins, and for other purposes."
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