In a decisive victory for American innovation and financial sovereignty, President Donald J. Trump on Friday signed the GENIUS Act into law—sweeping legislation that creates a streamlined, pro-growth regulatory framework for stablecoins and digital assets.

Flanked by Republican lawmakers and cryptocurrency industry pioneers in the White House East Room, President Trump celebrated the legislation as a long-overdue course correction following years of federal hostility toward the burgeoning industry.

“With today’s signing, we’re pushing even further into the exciting new frontier, just as I promised last year,” Trump declared. “The Genius Act creates a clear and simple regulatory framework to establish and unleash the immense promise of dollar-backed stablecoins.”

The law, officially titled the Guiding and Establishing National Innovation for U.S. Stablecoins Act, represents the first major regulatory overhaul for cryptocurrencies in American history. It passed with strong bipartisan support, including over 100 House Democrats and Minority Leader Hakeem Jeffries.

Stablecoins—cryptocurrencies tethered to stable assets like the U.S. dollar or gold—are at the heart of the bill. Trump hailed the move as nothing short of revolutionary.

“This could be perhaps the greatest revolution in financial technology since the birth of the Internet itself,” the president said.

According to Bloomberg News, the Trump Organization has already seen significant returns in the crypto space, underscoring the industry’s explosive potential and President Trump’s foresight in championing it.

The GENIUS Act represents a definitive break from the anti-crypto posture of the Biden era, when innovators were vilified and regulatory agencies weaponized against American entrepreneurship. President Trump didn't hold back in calling out that failed approach.

“The entire crypto community had been mocked, dismissed, and counted out,” he said. “This signing is a massive validation of your hard work and your pioneering spirit and your ability to never give up. A lot of people would have given up two or three years ago.”

The president also reminded attendees that during the 2024 campaign, he made history as the first presidential candidate to address the Bitcoin Conference, standing firmly with builders and innovators even as Biden’s Securities and Exchange Commission, under Gary Gensler, waged regulatory war on the industry.

“Crypto builders and founders were under relentless assault by the Biden administration, which was trying to crush your industry. … and I got the greatest applause of the whole campaign. We fired Joe Biden’s SEC chair, Gary Gensler. We fired him,” Trump said to thunderous applause.

Among those praising the administration's leadership was Robinhood CEO Vlad Tenev, who told the Washington Times he was struck by the White House’s rapid coordination with Congress and industry stakeholders.

“This is a lot of legislation and it’s complex, and the partnership and collaboration with industry has also been quite strong,” Tenev said. “It’s a great start to making the US the global leader in digital assets.”

Other tech and crypto titans in attendance included Dave Ripley (Kraken), Brian Armstrong (Coinbase), Paolo Ardoino (Tether), Jeremy Allaire (Circle), and Cameron and Tyler Winklevoss (Gemini Exchange)—a clear indication of the industry’s confidence in Trump’s pro-growth agenda.

Just days before signing the GENIUS Act, President Trump traveled to Pennsylvania to unveil a bold new $92 billion investment package in artificial intelligence and energy innovation—another strategic pillar of his second-term agenda.

“Thank you so much for your leadership, for your clear and urgent direction that our nation invests in AI in the infrastructure, technology, and energy needed to unlock the extraordinary capabilities and really enable America to continue to lead,” said Google CIO and president Ruth Porat.

With the signing of the GENIUS Act and a visionary AI agenda now in motion, President Trump has reaffirmed that under his leadership, America is once again the world's launchpad for innovation, prosperity, and freedom.