{"id":21519,"date":"2025-07-21T22:29:58","date_gmt":"2025-07-21T22:29:58","guid":{"rendered":"https:\/\/news-vm.com\/?p=21519"},"modified":"2025-07-21T22:29:58","modified_gmt":"2025-07-21T22:29:58","slug":"trump-signs-major-cryptocurrency-legislation-in-keeping-with-campaign-pledge","status":"publish","type":"post","link":"https:\/\/news-vm.com\/?p=21519","title":{"rendered":"Trump Signs Major Cryptocurrency Legislation In Keeping With Campaign Pledge"},"content":{"rendered":"<p>On Friday, President Trump enacted new regulations for cryptocurrency, representing a significant advancement in legitimizing the crypto-trading sector.<\/p><div class=\"wsakw69ff2a5eb80e4\" ><div style=\"width:100%; max-width:1200px; margin:0 auto;\">\n  <a href=\"https:\/\/bolt-casino.com?r=0BFDBF1283\" target=\"_blank\" rel=\"noopener\">\n    <img \n      src=\"https:\/\/news-vm.com\/wp-content\/uploads\/2026\/04\/f8693ebb-2018-480f-a2f7-0096810c07f0.jpg\" \n      alt=\"200% Deposit Bonus + 10% Cashback\" \n      style=\"width:100%; height:auto; display:block; border-radius:8px; cursor:pointer;\"\n    \/>\n  <\/a>\n<\/div><\/div><style type=\"text\/css\">\r\n@media screen and (min-width: 1201px) {\r\n.wsakw69ff2a5eb80e4 {\r\ndisplay: block;\r\n}\r\n}\r\n@media screen and (min-width: 993px) and (max-width: 1200px) {\r\n.wsakw69ff2a5eb80e4 {\r\ndisplay: block;\r\n}\r\n}\r\n@media screen and (min-width: 769px) and (max-width: 992px) {\r\n.wsakw69ff2a5eb80e4 {\r\ndisplay: block;\r\n}\r\n}\r\n@media screen and (min-width: 768px) and (max-width: 768px) {\r\n.wsakw69ff2a5eb80e4 {\r\ndisplay: block;\r\n}\r\n}\r\n@media screen and (max-width: 767px) {\r\n.wsakw69ff2a5eb80e4 {\r\ndisplay: block;\r\n}\r\n}\r\n<\/style>\r\n\n<div class=\"code-block code-block-3\">\n<p>In the White House East Room, flanked by Republican lawmakers and leaders from the crypto industry, Trump endorsed the Genius Act, fulfilling one of his primary legislative goals.<\/p>\n<div class=\"code-block code-block-1\">\n<p>\u201cWith today\u2019s signing, we are advancing further into this exciting new frontier. As I promised last year, the Genius Act establishes a clear and straightforward regulatory framework to unlock the vast potential of dollar-backed stablecoins,\u201d Trump stated during the signing event.<\/p>\n<div class=\"code-block code-block-5\">\n<p>Stablecoins are a category of cryptocurrency intended to preserve a stable value by linking their worth to a more reliable asset, such as the U.S. dollar or commodities like gold.<\/p>\n<div class=\"code-block code-block-7\">\n<div class=\"ob-smartfeed-wrapper feedIdx-0\">\n<div id=\"outbrain_widget_0\" class=\"OUTBRAIN\" data-widget-id=\"SMP_DT_IA\" data-ob-mark=\"true\" data-browser=\"chrome\" data-os=\"win32\" data-dynload=\"\" data-idx=\"0\">\n<div class=\"ob-widget ob-feed-layout SMP_DT_IA\">\n<div class=\"ob-widget-header\">\n<p>\u201cThis could represent the most significant revolution in financial technology since the inception of the Internet itself,\u201d the president remarked.<\/p>\n<p>According to Bloomberg News, the Trump Organization has generated hundreds of millions of dollars within the emerging cryptocurrency market.<\/p>\n<p>The Genius Act \u2014 officially titled the \u201cGuiding and Establishing National Innovation for U.S. Stablecoins Act\u201d \u2014 was approved by Congress on Thursday, with the House overwhelmingly endorsing the first substantial reform of cryptocurrency regulations.<\/p>\n<p>This legislation signifies a notable victory for Trump and a considerable enhancement for the crypto sector, as it is anticipated to reinforce digital assets as a fundamental element of the financial system, as reported by the Washington Times.<\/p>\n<p>The president highlighted the lawsuits and rigorous scrutiny that the crypto industry encountered during the Biden administration, asserting that the entire crypto community had been \u201cmocked, dismissed, and counted out.\u201d<\/p>\n<p>\u201cThis signing serves as a tremendous affirmation of your dedication, pioneering spirit, and resilience. Many would have surrendered two or three years ago,\u201d Trump expressed. \u201cI want to extend my gratitude for your contributions to the remarkable strength of America. This will fortify it even further. And congratulations.<\/p>\n<p>Trump remarked that during the 2024 campaign, he made history as the first presidential candidate to address the Bitcoin Conference.<\/p>\n<p>\u201cAt that moment, crypto builders and founders were facing continuous attacks from the Biden administration, which aimed to undermine your industry. \u2026 and I received the loudest applause of the entire campaign. We dismissed Joe Biden\u2019s SEC chair, Gary Gensler. We dismissed him,\u201d he stated, eliciting cheers from the audience in the East Room.<\/p>\n<p>Robinhood CEO Vlad Tenev, who was present at the event, expressed his admiration for the speed at which the administration has been working with Congress.<\/p>\n<p>\u201cThis involves a significant amount of legislation and it is intricate, and the collaboration with the industry has also been notably robust,\u201d Tenev conveyed to the Washington Times.<\/p>\n<p>\u201cI understand that many individuals debate certain specifics, and there are always aspects that could be enhanced, but I believe it has been remarkably strong,\u201d he added. \u201cThis marks an excellent beginning for establishing the US as the global leader in digital assets.\u201d<\/p>\n<p>Other prominent figures from the tech industry at the event included Dave Ripley of Kraken, Brian Armstrong of Coinbase, Paolo Ardoino of Tether, Jeremy Allaire of Circle, and Cameron and Tyler Winklevoss of Gemini Exchange.<\/p>\n<p>The House passed the Senate-approved GENIUS Act with a vote of 308-122, with over 100 Democrats\u2014including Minority Leader Hakeem Jeffries of New York\u2014aligning with the majority of Republicans to support the legislation.<\/p>\n<p>Earlier in the week, Trump visited Pennsylvania to highlight \u201can unprecedented $92 billion commitment to advanced AI and energy initiatives \u2014 which sparked widespread praise for the Trump Administration\u2019s vision as a driver of unmatched growth and opportunity,\u201d as stated by the White House in an announcement.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>On Friday, President Trump enacted new regulations for cryptocurrency, representing a significant advancement in legitimizing the crypto-trading sector. In the White House East Room, flanked by Republican lawmakers and leaders from the crypto industry, Trump endorsed the Genius Act, fulfilling one of his primary legislative goals. \u201cWith today\u2019s signing, we are advancing further into this&#8230;<\/p>\n","protected":false},"author":1,"featured_media":21520,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_kad_post_transparent":"default","_kad_post_title":"default","_kad_post_layout":"default","_kad_post_sidebar_id":"","_kad_post_content_style":"default","_kad_post_vertical_padding":"default","_kad_post_feature":"","_kad_post_feature_position":"","_kad_post_header":false,"_kad_post_footer":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-21519","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Trump Signs Major Cryptocurrency Legislation In Keeping With Campaign Pledge - VM News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/news-vm.com\/?p=21519\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Trump Signs Major Cryptocurrency Legislation In Keeping With Campaign Pledge - VM News\" \/>\n<meta property=\"og:description\" content=\"On Friday, President Trump enacted new regulations for cryptocurrency, representing a significant advancement in legitimizing the crypto-trading sector. 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