The Genius Act

David Sacks, Crypto Czar

Trump Signs Major Crypto Bill to Set Up Stablecoin Regulatory Framework

‘This could be perhaps the greatest revolution in financial technology since the birth of the internet,’ the president said.

The Genius Act—fully named the Guiding and Establishing National Innovation for U.S. Stablecoins Act—passed 308–222 with bipartisan support.

“The Genius Act creates a clear and simple regulatory framework to establish and unleash the immense promise of dollar-backed stablecoins,” Trump said at a White House event.

Crypto czar David Sacks, meanwhile, called it a “historical legislative achievement” that will serve as a “monumental step” to ensuring U.S. dominance in the industry.

Sacks also estimated that stablecoins will create trillions of dollars in demand for U.S. Treasury securities, echoing the sentiment expressed by Treasury Secretary Scott Bessent.

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