President Donald Trump has signed the GENIUS Act into legislation, simply sooner or later after it handed the Home in a 306–122 vote.
The invoice marks the first-ever US federal crypto legislation, creating strict guidelines for stablecoin issuers—together with full 1:1 reserves, common audits, and registration with federal or state regulators.
Trump signed the invoice throughout a closed-door session Friday morning. Whereas celebrating the win, he jokingly advised reporters, “It’s referred to as the GENIUS Act. I believe it’s named after me.”
Crypto Czar David Sacks, who performed a central function in last-minute negotiations, mentioned the invoice was “lifeless” earlier this week—till “we had a secret weapon, a deal breaker as commander in chief,” referring to Trump’s intervention.
Regardless of bipartisan help for the invoice, some hardline Republicans stay opposed.
Consultant Marjorie Taylor Greene posted on X (previously Twitter), warning:
“Congress is passing a invoice at this time (GENIUS Act) that opens the again door to a central financial institution digital forex (CBDC)… The Fed has been engaged on this for years… The last word purpose is to maneuver us to a cashless society.”
She criticized Home Republicans for passing GENIUS with out securing Senate help for a proper CBDC ban. That separate invoice—the Anti-CBDC Act—has but to clear the Senate.
Supporters of GENIUS argue the invoice explicitly bans algorithmic stablecoins and requires full greenback reserves, providing a secure framework for regulated digital {dollars}—not government-controlled ones.
With Trump’s signature, the GENIUS Act turns into legislation instantly. US regulators now have till 2026 to draft implementation guidelines for stablecoin licensing and enforcement.
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