A New Era for Digital Money: Trump Signs Crypto Rules into Law

The U. S. just took a big step into the future of money. President Donald Trump signed the GENIUS Act into law. This new law sets rules for digital currencies, especially stablecoins. These are digital currencies tied to real things like gold or the U. S. dollar. The goal? To keep their value steady. Trump has been a big supporter of crypto. He said he wants the U. S. to be the top place for digital money. He mentioned this back in July 2024 at a bitcoin event in Nashville. He promised rules that would help, not hurt, the industry. The GENIUS Act has some important parts. Companies that issue stablecoins must now show their financial records to the public. This is to make sure they are being honest and transparent. The law also requires big companies to get their finances checked every year. The law passed with a lot of support. Both Democrats and Republicans voted for it. But not everyone was happy. Some lawmakers, like Rep. Maxine Waters, think it's not good. They worry about corruption and foreign influence. Along with the GENIUS Act, two other crypto laws passed. One is about making rules for digital assets clearer. The other is to stop the Federal Reserve from giving out a digital dollar directly to people. This is to protect people's privacy. This is a big deal. It could change how we use and think about money. But it's not all good news. Some people are worried about the future of crypto in the U. S. Only time will tell how this all plays out.