Trump signs landmark crypto bills into law
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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. President Trump has signed the GENIUS Act and two other major crypto bills into law, marking a turning point for U.S. digital asset regulation. Summary The GENIUS Act allows banks and licensed firms to issue stablecoins backed 1:1 by cash or equivalents. A separate bill blocks the Federal Reserve from creating a central bank digital currency. The CFTC now has clearer authority over non-security crypto assets under the new market structure law. President Trump made it official. Just one day after the House pushed three key crypto bills through with Republican support and some help from across the aisle, all three were signed into law. That bundle included the long-anticipated GENIUS Act, a market structure bill, and another that stops the creation of a Federal Reserve-issued digital dollar. Crypto users, financial observers, and policymakers around the country, including Maryland, are now watching closely to see what this means on the ground. The GENIUS Act sets new federal rules for stablecoins. Banks and licensed nonbank firms can now issue them as long as they hold one-to-one reserves. The bill had already passed the Senate a month earlier and was expected to get House backing, but the quick movement toward a signature still surprised some observers. With national guardrails now in place, platforms that deal in blockchain-based payments or digital gaming may feel more secure moving forward. Likewise, those investing in presale tokens like MAXI will likely have more protection for their funds. This gives investors a chance to potentially make more money, as these coins often rise in value, unlike more rigid stablecoins. Supporters say the law finally offers a national framework for digital dollars backed by cash or equivalents.…
Filed under: News - @ July 30, 2025 8:33 pm