type: timeline_event
Trump signed GENIUS Act (Guiding and Establishing National Innovation for U.S. Stablecoins) July 18, 2025, first major crypto law passed by Congress (House 308-122, Senate 68-30). Establishes federal stablecoin framework requiring 100% reserves (cash/ Treasuries), Bank Secrecy Act compliance. Trump's World Liberty Financial issued USD1 stablecoin, though bill bars officials issuing stablecoins during service. Ian Katz called it "Good Housekeeping seal" for crypto industry.