President Donald J. Trump signed the GENIUS Act into law, establishing a framework for the US to lead in digital assets and drive global innovation. The legislation aims to protect consumers, strengthen the US dollar’s reserve currency status, and enhance national security.
Key provisions include:
* 100% reserve backing with liquid assets like US dollars or short-term Treasuries
* Public disclosures of reserve composition monthly
* Strict marketing rules to prevent deceptive practices
* Alignment of state and federal stablecoin frameworks for fair regulation
The GENIUS Act also prioritizes consumer protection by subjecting stablecoin issuers to the Bank Secrecy Act, requiring anti-money laundering and sanctions compliance programs. This move aims to combat illicit activity in digital assets and enhance national security.
By driving demand for US Treasuries and promoting responsible innovation, the GENIUS Act positions the US as a leader in digital assets, attracting investment and technological leadership. The legislation fulfills President Trump’s campaign promise to make America the “crypto capital of the world” and cements its status as a global hub for digital asset activity.
Source: https://www.whitehouse.gov/fact-sheets/2025/07/fact-sheet-president-donald-j-trump-signs-genius-act-into-law