Trump signed the first cryptocurrency law in US history: what it means and how it will affect the global economy
фото: Reuters
US President Donald Trump signed the historic GENIUS Act, which forever changes the rules of the game in the digital asset market. America has officially established itself as the leader of the global crypto-financial breakthrough. Stablecoins have received federal recognition, and blockchain technologies have become part of the state strategy. What this means for business, the average citizen and the world in general – in our material.
This is reported by Fox News.
It is noted that the signing of a new cryptocurrency law could go down in US history on a par with the founding of Silicon Valley. At the White House, in front of more than 200 representatives of the financial, technological and political elite, President Donald Trump signed the GENIUS Act — the first comprehensive federal law regulating digital assets, including stablecoins.
The name of the law — an acronym for Guiding and Establishing National Innovation for US Stablecoins — speaks for itself: America decided not just to bring order to the crypto market, but to make it part of its economic dominance.
According to Trump, the GENIUS Act is an “explosion for innovation” and the foundation for the economy of the future. The law provides for full transparency: all stablecoins must be backed by real assets – US dollars or government bonds. Monthly audits, open reserves, a ban on marketing manipulation – the new rules are designed to create trust in the digital currency market.
Cryptocurrency users will finally receive the protection they previously lacked. In the event of the bankruptcy of the issuing company, the first to be protected will be the token owners, not investors or creditors. Payments with stablecoins will become legal at the level of banks, insurance companies and retail chains. This opens the door to the daily use of digital dollars in everyday life – from purchases to social payments.
At the economic level, the changes are massive: the US expects its share of the global cryptocurrency market to grow from 15% to 30% by 2027. The government has already begun to lift regulatory restrictions, and banks are preparing the infrastructure for the mass integration of stablecoins. In response, investors are returning, startups are registering offices in the US, and tech giants are launching their tokens.
But the law has also sparked controversy. Critics say such strict transparency and licensing requirements actually benefit large corporations, leaving little room for smaller players. Others warn that under the guise of auditing, the state could increase its control over users’ personal data.
Despite this, the law has already become a signal for the whole world. Europe, China, India, Singapore are preparing their own packages of legislative changes. The US has officially included cryptocurrencies in its state financial strategy, making them not just an alternative, but part of the new global financial architecture.
The social dimension is no less important: the new law could significantly simplify access to financial services for millions of people . Even those who do not have a bank account will be able to use a digital wallet. The government is already planning to introduce preferential programs for the needy in the form of assistance in stablecoins.
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