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Trump Signs GENIUS Act Establishing Stablecoin Reserves, Crypto Market Cap Climbs to $4 Trillion

The legislation mandates liquid asset reserves with monthly public disclosure for issuers of dollar-pegged tokens.

Ilustración de una criptomoneda bitcoin.
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Las criptodivisas forman una suerte de bolsa de valores paralela en la que cada moneda sube y baja de precio en función de la demanda.

Overview

  • The GENIUS Act passed July 18 obliges stablecoin issuers to back tokens with cash and short-term Treasuries and publish reserve breakdowns each month.
  • Congress also approved the CLARITY Act to define SEC and CFTC oversight and the Anti-CBDC Act banning any Federal Reserve digital dollar, both awaiting final enactment.
  • Europe’s MiCA framework remains active without authorizing any stablecoins as Brussels prepares guidelines to treat foreign-issued tokens as domestic.
  • U.S. institutional funds including BlackRock, Fidelity and Invesco now hold about 25 percent of circulating Bitcoin, helping to moderate its volatility.
  • Global crypto valuation has surged to roughly $4 trillion and Bitcoin trades near record highs following the new U.S. regulatory clarity.