Trump Signs GENIUS Act Into Law, Jokingly Calls It ‘Named After Me’

President Donald Trump has signed the GENIUS Act into law, just one day after it passed the House in a 306–122 vote.

The bill marks the first-ever US federal crypto law, creating strict rules for stablecoin issuers—including full 1:1 reserves, regular audits, and registration with federal or state regulators.

Trump signed the bill during a closed-door session Friday morning. While celebrating the win, he jokingly told reporters, “It’s called the GENIUS Act. I think it’s named after me.”

Crypto Czar David Sacks, who played a central role in last-minute negotiations, said the bill was “dead” earlier this week—until “we had a secret weapon, a deal breaker as commander in chief,” referring to Trump’s intervention.

Despite bipartisan support for the bill, some hardline Republicans remain opposed.

Representative Marjorie Taylor Greene posted on X (formerly Twitter), warning:

“Congress is passing a bill today (GENIUS Act) that opens the back door to a central bank digital currency (CBDC)… The Fed has been working on this for years… The ultimate goal is to move us to a cashless society.”

She criticized House Republicans for passing GENIUS without securing Senate support for a formal CBDC ban. That separate bill—the Anti-CBDC Act—has yet to clear the Senate.

Supporters of GENIUS argue the bill explicitly bans algorithmic stablecoins and requires full dollar reserves, offering a safe framework for regulated digital dollars—not government-controlled ones.

With Trump’s signature, the GENIUS Act becomes law immediately. US regulators now have until 2026 to draft implementation rules for stablecoin licensing and enforcement.

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