The global cryptocurrency market has reached a milestone, with its total market value surging past $4 trillion for the first time ever. The surge can be attributed to landmark legislation, including the GENIUS Act, which regulates stablecoins and marks a significant shift in the industry’s perception.
Signed into law by President Trump on Friday, the GENIUS Act introduces federal or state oversight of stablecoins tied to the US dollar, helping to legitimize a market that has been largely unregulated. This move is expected to have a positive impact on investor confidence, with estimates suggesting the stablecoin market could grow to $3.7 trillion by 2030.
The law requires monthly public disclosure of reserve competition and annual audited financial statements for issuers with a market cap higher than $50 billion. Market analysts are optimistic about the potential of dollar-backed stablecoins, with Uniswap soaring 20% on Friday and Solana gaining 5.6%.
The passage of the GENIUS Act has also sparked interest in cryptocurrency exchange-traded funds (ETFs), with investors anticipating “Crypto Week.” Bitcoin funds have seen significant inflows, including $5.5 billion so far in July.
The law’s impact is being hailed as a major milestone for the industry, with CoinFund president Chris Perkins stating that it will go down in history as a foundational step in mainstreaming cryptocurrency as an asset class. However, some experts caution that the market may experience a cooling off after the legislation has made headlines.
Source: https://nypost.com/2025/07/18/business/crypto-market-cap-surges-past-4-trillion-on-landmark-genius-act-law