Trump Signs GENIUS Act, Reshapes U.S. Crypto Policy

President Donald Trump has signed the GENIUS Act, creating the first comprehensive federal regulatory framework for stablecoins and positioning the U.S. as a leader in digital assets. A new White House report sets broad priorities for crypto regulation—including federal-level digital asset trading and DeFi integration—but offers limited details on a proposed federal Bitcoin reserve. Lawmakers are debating additional measures, such as the Clarity Act for crypto market structure and Senator Cynthia Lummis's bill to include crypto in mortgage approvals, reflecting a broader shift toward mainstream adoption. The industry welcomes regulatory clarity but remains cautious due to unresolved strategic and risk-related issues, particularly regarding Bitcoin reserves. Security concerns are heightened by large-scale exchange hacks in India and continued discussions over self-custody versus regulated solutions for major Bitcoin holders. The evolving policies signal a significant step toward integrating crypto into the U.S. financial system, though key policy and operational questions persist.