Trump Signs GENIUS Act Into Law, Creating the First Federal Framework for Stablecoins
On July 18, 2025, President Donald Trump signed the GENIUS Act into law in the East Room of the White House (Public Law 119-27), creating the first federal regulatory framework for payment stablecoins in the United States. The law's full name is the Guiding and Establishing National Innovation for U.S. Stablecoins Act.
The bill had passed both chambers of Congress: the Senate approved it 68 to 30 on June 17, and the House passed it 308 to 122 on July 17, sending it to the President the following day.
According to the White House fact sheet, the law requires payment stablecoin issuers to maintain 100 percent reserve backing in liquid assets such as U.S. dollars or short-term Treasury securities, and to publicly disclose the composition of those reserves every month. It prohibits issuers from claiming that stablecoins are backed by the federal government, covered by federal insurance, or legal tender; if an issuer goes bankrupt, stablecoin holders' claims take priority over those of other creditors.
On compliance, issuers are subject to the Bank Secrecy Act and must carry out anti-money-laundering and sanctions obligations, including risk assessments, sanctions-list screening and customer identification programs, and must have the technical capability to seize, freeze or burn payment stablecoins as required by law. The act also aligns the state regulatory framework with the federal one, establishing uniform licensing and supervisory rules for issuers.
(Source: The White House)
Source: The White House
Published by GSM · USA (original Chinese edition)
Photo: 图：2025年7月18日，特朗普总统在白宫东厅就签署《GENIUS法案》发表讲话，该法案在仪式上成为法律。白宫官方照片，公共领域，经 Wikimedia Commons。 / Photo: President Donald Trump speaks in the East Room of the White House on July 18, 2025, at the signing of the GENIUS Act into law. Official White House photo, public domain, via Wikimedia Commons.
