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On Friday, President Donald Trump has signed the first major federal law to rule the encoded currency, a company that has started the Trump family to increase and promote strong relationships in recent years.
The House of Representatives passed the Genius law on Thursday, with the support of the two parties, a month after the Senate was cleared. The draft law, a major priority for the president, determines specific regulations aimed at making a specific type of digital currency called Stablecoins more and prevalent.
President Donald Trump signs the “genius law”, which will develop the regulatory framework of encrypted currencies in Stablecoin and expand the supervision of the industry, in the White House in Washington, DC, July 18, 2025.
Nathan Howard/Reuters
Over the past few years, Trump, who was previously skeptical of encryption, began to describe himself as the greatest leader of encryption in the history of the United States, and pushed from Congress to take this issue on the campaign’s course. The president, who launched his Crypto Meme earlier this year, said that he was “a Crypto” and described it as a “very strong industry” that the United States has controlled.
He said in the signing: “I pledged to restore the American freedom and leadership and make the United States the capital of encryption in the world. This is what we did under the Trump administration.”
Stablecoins is an encrypted currency with a value associated with a stable origin like the US dollar. The genius law makes it easy for banks and other entities to issue these coins, and it is expected to increase the confidence of the public in assets and the development of the industry in general.
Traditionally, buyers use their personal banking accounts to buy Stablecoin, then use Stablecoin to trade for another type of most volatile encryption, such as Bitcoin or anything else.
“The years of our diligent work in Congress have reached to bring clarity to pushing to a historic turning point. President Trump called on Congress to send historical legislation to his office by August, and we delivered it,” French Republican Past Republic Hill, Chairman of the Financial Services Committee in the House of Representatives said in a statement.
The Chairman of the House Financial Board, from the left, Dusty Johnson, MP Brian Steel, joined the majority of the home, Tom Amir, Chairman of the Agriculture Committee, Glenn Tombson, Chairman Capitol in Washington.
J. Scott Applewhite/AP
The draft law was passed after the inertia between the Republicans in the House of Representatives after it stopped for nine hours before reaching a discussion.
Although many Democrats, including the leaders of the House of Representatives, supported the draft law, some expressed their concerns that the draft law does not prevent public officials from pushing their personal currencies and benefiting from unknown transactions.
Democratic Representative Maxine Waters, a member of the Financial Services Committee in the House of Representatives, criticized the draft law, referring to a company with links with the Trump family that recently launched its Stablecoin and could benefit from the currency that is used on a wider scale.
A 60 % stake in the Trump family has a 60 % stake in World Liberty Financial, which is launched by USD1, which is a stablecoin associated with the US dollar, this spring.
President Donald Trump speaks at an event to sign a genius law, a draft law that regulates Stablecoins, a type of cryptocurrency in the Eastern Chamber of the White House, on Friday, July 18, 2025, in Washington, DC.
Alex Brandon/Aug
Trump’s image is all over the company’s website, which was once called “the head of the encryption lawyer”, and since then he has changed his title to the “co -founder”.
“The unstable law creates a manifestation of a federal framework for Stablecoins, but it does not provide the federal government with the full power it needs,” Waters said on Thursday before the vote.
“A private company does not communicate with the United States government.”
Trump and his family were immersed in the encrypted currency market, where they only developed the Mimi $ TROMP, but also Bitcoin Mining and Check Reserve.
The White House insisted that there is no conflict of interests in encryption projects, saying that Trump’s origins are in a box running his children.
Donald Trump at the Bitcoin 2024 event in Nashville, Tennessee, July 27, 2024.
Kevin Worm/Reuters
It will take some time before the audience sees the changes in the draft law. After Trump signs the law, federal organizers will have six months to reach specific regulations.
The House of Representatives has also passed the clarity law, a market structure package that defines the rules of assets supervised by the Securities and Stock Exchange Commission or goods regulated by the commodity futures trading committee. This measure is now heading to the Senate.