President Trump has signed the Guiding and Establishing National Innovation for U.S. Stablecoins Act into law, marking America's first major cryptocurrency legislation. House members initially raised concerns about gaps in the bill, particularly regarding self-custody protections and restrictions on central bank digital currency. Trump invited dissenting lawmakers to the White House and persuaded 11 of the 12 additional votes needed for passage. The law establishes comprehensive regulations for stablecoins, requiring dollar-pegged tokens to maintain full reserve backing through U.S. Treasury securities. Banks and qualified entities may issue stablecoins without complying with securities law, but must follow anti-money laundering and Know Your Customer requirements.
Industry analysts project the stablecoin market will expand from $240 billion to $750 billion by 2026. Congress also passed the Anti-CBDC Act and the Clarity Act during Crypto Week, both of which advanced to Senate consideration. Meanwhile, BlackRock has shifted its preference from Bitcoin to Ethereum, potentially signaling emerging momentum for altcoins in digital asset markets.
Industry analysts project the stablecoin market will expand from $240 billion to $750 billion by 2026. Congress also passed the Anti-CBDC Act and the Clarity Act during Crypto Week, both of which advanced to Senate consideration. Meanwhile, BlackRock has shifted its preference from Bitcoin to Ethereum, potentially signaling emerging momentum for altcoins in digital asset markets.
