President Trump signed the **GENIUS Act** on July 18, 2025, establishing the first major U.S. regulatory framework for **stablecoins**—cryptocurrencies pegged to assets like the dollar. The law requires issuers to maintain full reserves and disclose holdings, aiming to boost consumer trust and mainstream adoption. Critics warn of risks, while supporters hail it as a milestone for crypto legitimacy . Trump called it a step toward U.S. dominance in crypto .

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