Trump’s signing of the GENIUS Act: strengthening the dollar and U.S. macroeconomic indicators through digital infrastructure

On July 18, U.S. President Donald Trump signed the GENIUS Act, establishing the first federal framework for regulating stablecoins in the United States. The law mandates 100% reserve backing for stablecoins and permits banks to issue their own digital currencies — marking the return of private money for the first time in 100 years.

The GENIUS Act serves as the cornerstone of Washington’s comprehensive cryptocurrency policy, which includes the complementary CLARITY Act and Anti-CBDC Surveillance State Act. Together, these laws form the concept of “regulated control over digital assets.”

Beyond its regulatory framework, the GENIUS Act reveals the political anatomy of the U.S.’s modern financial transformation. Its advancement was accompanied by significant mobilization of industrial, technological, and financial players who viewed it as a foundational element of a new digital financial infrastructure.