President Trump Signs GENIUS Stablecoin Act Into Law; BlackRock Increases Ethereum Purchases by 5x Compared to Bitcoin

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A Milestone in U. S.Crypto Regulation: The GENIUS Stablecoin Act

In a groundbreaking move for the cryptocurrency sector, President Trump has signed the GENIUS Stablecoin Act—officially known as the Guiding and Establishing National Innovation for U. S.Stablecoins Act—into law. This legislation represents the United States’ first substantial step toward establishing a regulatory framework for cryptocurrencies.

The GENIUS Act passed 308-122.pic.twitter.com/ijVebDHua6

— Financial Services GOP (@FinancialCmte) July 17, 2025

Prior to its successful passage, the GENIUS Act faced scrutiny from several House members who expressed concerns about its provisions, particularly regarding the protection of self-custody for crypto assets and the absence of explicit barriers to a Central Bank Digital Currency (CBDC).

To address these issues, President Trump met with some dissenting Congress members at the White House, successfully persuading 11 of the 12 legislators needed to ensure the act’s approval.

Key Features of the GENIUS Stablecoin Act

The GENIUS Stablecoin Act establishes a detailed regulatory framework for stablecoins. Notably, it requires that all stablecoins pegged to the U. S.dollar be backed by qualifying reserves—including U. S.Treasuries—on a one-to-one basis. Regular audits and monthly reporting will also be mandatory to ensure transparency.

The act simplifies the issuance process for banks and other qualified entities by exempting them from certain burdensome securities regulations, while still enforcing compliance with anti-money laundering (AML) laws and the “Know Your Customer”(KYC) requirements.

Market Implications and Future Projections

With the implementation of the GENIUS Stablecoin Act, the market for USD-pegged stablecoins is poised for significant growth. Industry forecasts predict that the total addressable market (TAM) for these stablecoins could surge from approximately $240 billion now to an impressive $750 billion by the end of 2026.

This legislative effort is part of a broader trend, as just this past week, the House also approved two additional bills—commonly referred to as Crypto Week legislation: the anti-CBDC Act and the Clarity Act. These measures delineate regulatory authority over the cryptocurrency space between the SEC and CFTC while introducing essential consumer protection measures. The bills are now moving to the Senate for further consideration.

BLACKROCK IS STILL BUYING MORE ETH THAN BTCBlackRock’s purchase of over half a billion dollars of ETH ($547M) exceeded its Bitcoin inflow ($497M) by $50 Million USD. Weighted by market cap, BlackRock is buying over 5 TIMES the amount of ETH compared to BTC.pic.twitter.com/fnvjvKXQ0N

— Arkham (@arkham) July 18, 2025

In other noteworthy developments, asset management powerhouse BlackRock appears to be significantly favoring Ethereum over Bitcoin in its investment strategy. This shift may signal an emerging trend favoring alternative cryptocurrencies as interest in the altcoin market accelerates.

For further insights and updates on these pivotal developments in the crypto landscape, please refer to the original source.

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