U.S. President Donald Trump has signed a new law that sets clear rules for stablecoins, a type of cryptocurrency tied to the U.S. dollar.
The legislation, called the GENIUS Act (Guiding and Establishing National Innovation for US Stablecoins), creates a system to manage and regulate stablecoins in the country.
The bill passed through both chambers of Congress, clearing the Senate before receiving a 308–122 vote in the House of Representatives.
The signing ceremony at the White House brought together lawmakers, top officials, and leaders from the crypto industry.
Stablecoins are digital assets designed to keep their value steady, often linked 1:1 with the U.S. dollar.
The new law requires that these coins be supported by real, liquid assets
This approach is meant to make them more reliable for everyday use like payments and money transfers.
The stablecoin market is currently worth more than $260 billion, according to data from CoinGecko.
KWith the new law in place, analysts from Standard Chartered predict the market could grow to $2 trillion by 2028.
The GENIUS Act has been welcomed by the crypto industry, which has long been pushing for legal backing and clearer rules.
Tkhis law could lead to wider use of stablecoins by banks, retailers, and consumers. It also opens the door for digital dollars to play a bigger role in both domestic and global payments.
The crypto sector invested over $245 million in last year’s elections, largely in support of candidates favorable to digital currency policies.
Officials believe this law will support the U.S. dollar’s position in the global economy and increase demand for U.S. Treasury bonds, which will back stablecoins under the new rules.