Business

Trump Signs Major Crypto Bill to Set Up Stablecoin Regulatory Framework

‘This could be perhaps the greatest revolution in financial technology since the birth of the internet,’ the president said.
Trump Signs Major Crypto Bill to Set Up Stablecoin Regulatory Framework
President Donald Trump holds up the “GENIUS Act” alongside applauding lawmakers after signing the bill into law during a ceremony in the East Room of the White House July 18, 2025. Win McNamee/Getty Images
Andrew Moran
&
Nathan Worcester
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President Donald Trump signed a key piece of cryptocurrency legislation on July 18, establishing the first significant U.S. regulatory framework for stablecoins.

After a rocky beginning to “Crypto Week,” House Republicans successfully passed a trio of key crypto bills, including landmark stablecoin legislation.

Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."