President Donald Trump has officially signed the GENIUS Act into law, setting a clear path for crypto growth in the United States. The new legislation outlines a regulatory framework for dollar-backed stablecoins and aims to turn the US into the global hub for Bitcoin and digital assets. Trump called the move a major revolution in financial technology and a victory for innovation and freedom in finance.

During the signing ceremony Trump highlighted his crypto achievements including stopping government crackdowns on Bitcoin and creating a US strategic Bitcoin reserve. He also reminded the public of his appearance at the Bitcoin Conference in Nashville and reaffirmed his stance against central bank digital currencies. Trump thanked Senator Bill Hagerty and other supporters for pushing the law forward.

AI and Crypto Czar David Sacks said the GENIUS Act marks a turning point for the industry and gives US crypto firms the clarity they need. The law is expected to increase demand for US Treasuries and drive trading volume across digital asset markets. More crypto-friendly legislation is expected later this year.