The first piece of legislation to regulate cryptocurrencies in the United States is now law.

The bipartisan passage of the Guiding and Empowering Nation-based Innovation Using Stablecoins Act of 2025—better known as the GENIUS Act, the first-of-its-kind stablecoin bill–is emblematic of the Trump administration’s willingness to embrace innovative and disruptive technologies and illustrates the years-long fight for clarity from the crypto industry. Sponsored by Senators Bill Hagerty (R-TN), Kirsten Gillibrand (D-NY), Cynthia Lummis (R-WY), and Tim Scott (R-SC),)’—longstanding advocates for sensible digital asset legislation—the GENIUS Act passed with broad support in both the House and Senate before being signed into law by…