President Trump said the crypto industry was once “mocked and dismissed and counted out,” but now could become a big buyer of U.S. government debt.

Trump signed into law the GENIUS Act on Friday – a landmark piece of legislation that establishes federal regulations surrounding digital currency.

The stablecoin bill, known as the Genius Act, and the crypto market structure bill, known as the Clarity Act, both received notable bipartisan support. Democratic lawmakers joined with Republicans to pass the stablecoin bill 308-122.

GENIUS Act has been signed into law by President Trump, establishing federal oversight for stablecoins with 1:1 reserve backing requirements.

The U.S. House of Representatives has passed the CLARITY Act, a landmark bill that defines whether cryptocurrencies are securities or commodities.

The crypto sector's market value hit $4 trillion on Friday, according to CoinGecko, marking a milestone that reflects its shift from a nascent asset class to a central part of the global investment landscape.

The second attempt to advance a pair of crypto bills came after President Donald Trump intervened Tuesday evening to get the holdouts on board.

U.S. Congress established the first cohesive legal framework for digital assets on July 17, 2025. The GENIUS Act defined digital assets and recognized decentralization as

United States Congressional lawmakers debate key pieces of crypto regulatory bills on the floor of the House of Representatives.