President Donald Trump on Friday signed the first major federal law governing cryptocurrency, a business that Trump's family has begun forging strong ties to and has promoted in recent years.

The United States has taken a decisive step into the future of digital finance with the passage of the Genius Act, its first major piece of cryptocurrency legislation. Approved by Congress on 17 July 2025 after years of debate and lobbying,

Bullish has filed for U.S. IPO, aiming for a NYSE listing under “BLSH” despite early 2025 losses. The company now holds $1.9 billion in liquid assets.

Trump signed into law the GENIUS Act on Friday – a landmark piece of legislation that establishes federal regulations surrounding digital currency.

The president says the law ‘could be perhaps the greatest revolution in financial technology since the birth of the internet itself.’

Trump joked that Congress named the stablecoin legislation, which creates the first federal framework for dollar-pegged stablecoins, after him.