Versan Aljarrah is predicting an incoming RLUSD and XRP dominance over Tether's USDT following the passage of the GENIUS Act

President Trump signed the GENIUS Act into law on Friday, establishing a regulatory framework for the roughly $250 billion cryptocurrency market known as stablecoin. Bo Hines, executive director of the President's Council of Advisers on Digital Assets,

Experts say the legislation could unleash a tidal wave of new stablecoins—and fresh complaints about President Trump's crypto entanglements.

President Donald Trump signed the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act into law amid much fanfare on July 18. Passed by the Senate on June 17 and the House on July 17, it is the first major crypto-related legislation to become a law in the U.S.

Tether’s USDT is only 81.5% compliant with the GENIUS Act, per the Q2 reserves report. But Tether still has a 3-year window. The CEO recently stated that they’ll issue a new stablecoin focused on the U.S. market.

Executives at five of the largest US banks shared their plans for stablecoin as regulations passed by Congress head to the White House.

Trump signs GENIUS Act into law after tumultuous crypto week as Bitcoin maintains $119K support with flag pattern targeting $181K breakout.

The House of Representatives passed the GENIUS Act, making it the first major piece of federal legislation to regulate stablecoins.