HomeLatest NewsBig Win for Crypto Fans as the GENIUS Act Becomes Law

Big Win for Crypto Fans as the GENIUS Act Becomes Law

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OrbitWire.io - Terra Classic DEX Aggregator

The United States just made a major move in crypto. On July 18, 2025, President Trump officially signed the GENIUS Act, a new law focused on stablecoins. This is the first-ever national law in the US made just for crypto payments.

So what does it mean?
If a company wants to issue stablecoins in the US, they now have to:

● Back every coin with real US dollars or safe assets

● Show the public monthly reports on their reserves

● Keep user funds safe if they go out of business

This law gives crypto users more safety and more trust. It also avoids some old rules from the SEC or CFTC. Instead, banks and trusted financial agencies will watch over stablecoin companies.

Experts say this could bring billions of dollars into the crypto market. Big institutions are already getting ready to launch new stablecoins under the new rules.

More Crypto Laws Are Coming
The US House also passed a second major bill called the CLARITY Act. This one explains who controls what between the SEC and CFTC when it comes to crypto trading. It still needs to pass in the Senate, possibly later this year.

Another bill, called the Anti CBDC Act, also moved forward. It blocks the government from creating its own digital dollar that could be tracked by the Fed.

Why It Matters
The GENIUS Act is a big win for crypto adoption in the US. It gives companies a clear way to follow the rules, protects users, and brings more trust to stablecoins.

If the Senate also passes the other two bills, crypto in the US could become stronger and more secure than ever.

OrbitWire.io - Terra Classic DEX Aggregator
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