President Trump, who is rapidly expanding his fortunate by investing in crypto, has now signed the first major piece of crypto legislation into law.

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

US President Trump is expected to sign the GENIUS Act into law on Friday, marking the first major crypto legislation. Chamber of Progress CEO and founder Adam Kovacevich joins Market Catalysts to discuss the legislation and what it means for the crypto space.

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

The U.S. is making real progress on crypto legislation. The House voted on three bills this week -- covering stablecoins, digital asset oversight and a central bank digital currency ("CBDC") ban -- with one already headed to U.

Stocks tied to crypto trading gained as well. Coinbase rose 4%, hitting an all-time intraday high surpassing its initial pop on its IPO date in 2021, and pacing for its fifth positive week in a row. Robinhood also added 4%. Ether treasury stock Bitmine Immersion continued its rally, jumping 12% Friday.

Bitcoin price, XRP and other cryptos have seen big gains this week. The crypto industry notched its first major crypto regulatory win in the U.S. late Thursday.

Two of the legislations — the GENIUS Act and the CLARITY Act — were passed with significant bipartisan support.