Trump Signs Stablecoin Legislation Into Law

Trump Signs GENIUS Act into Law

Act Signing Process: President Donald Trump signed the GENIUS Act on Friday, after the House passed it 308-122 on Thursday and the Senate approved it 68-30 last month. Trump stated, "This afternoon, we take a giant step to cement American dominance of global finance and crypto technology as we sign the landmark GENIUS Act into law." He added, "They've come a long way since the Biden administration, when they had no idea what were you all talking about and half of you were under arrest for no reason," and called it "a massive validation for the crypto industry." This establishes the first major U.S. crypto framework focused on stablecoins.

Stablecoin Regulation Details: The GENIUS Act requires stablecoins to be fully backed by U.S. dollars or liquid assets like cash and short-term Treasury securities, with annual audits for issuers over $50 billion market cap. It gives the Office of the Comptroller of the Currency oversight and mandates state regulators to align with federal standards. Foreign issuers have three years to comply. The stablecoin market totals $250 billion, with Tether's USDT at $162 billion and Circle's USDC at $63 billion as of July 18.

Industry Leader Reactions: Circle CEO Jeremy Allaire said, "En route to the @WhiteHouse for the historic signing of the GENIUS Act, one of the most transformative pieces of legislation in decades. Global financial system, welcome to the Internet!" and "I think the GENIUS Act enshrines in law Circle's way of doing business." Tether CEO Paolo Ardoino stated, "We’ll be working very, very hard to make sure we comply with the foreign issuer pathway within the GENIUS Act," and "We have three years to make sure this process can go through properly." A senior US Treasury official noted, "Growing adoption of stablecoins will have a profound effect on dollar dominance and demand for US debt."Read More.

️ On today's Top Picks:

  1. 🔜 BlackRock files to add staking to its Ethereum $ETH ETF.
  2. 🩸 Ripple co-founder sends ~$26M of $XRP to Coinbase.
  3. 🪂 Caldera launches $ERA airdrop claim; ends July 31st.
  4. 💰 XMTP raises $20M Series B led by USV, a16z Crypto, & Faction.

Read time: ⏰ 7 minutes


Crypto News


• ⭐️ US House of Representatives pass the GENIUS Act, Clarity Act, & Anti-CBDC Act; President Trump signed the GENIUS Act into law today on July 18th.

OG ~$9B Bitcoin $BTC Whale moves remaining 40,191 BTC to Galaxy Digital; moved other 40,010 BTC to Galaxy Digital on July 15th.

• ⭐️ BlackRock $BLK files to add staking to its Ethereum $ETH ETF; the SEC approved its first-ever staking crypto ETP earlier this month.

Ripple $XRP reaches new all-time high of ~$3.6; previously peaked at ~$3.4 in 2018.

• ⭐️ Ripple $XRP co-founder Chris Larsen sends ~$26M of XRP to Coinbase; sent ~$40M of XRP since the start of 2025; unclear if the XRP was sold.

World Liberty Finance to launch $WLFI tradability in 6-8 weeks; teases, "Something for everyone is brewing..," on X.

Alpha


Succinct developer Advaith posts, "...for those with unredeemed stars, make sure you get them done by 7 AM UTC Monday July 21," on X.

Citrea launches Unfreeze ₿apps testnet campaign; invitation code required to participate.

Jumper adds Gas Zip to its bridge stack; supports Ethereum, Solana, HyperEVM, & more chains.

Rainbow posts, "Rainbow v2 is coming soon," on X; adds, "Faster. Better. Realer. Stronger."

Sapien introduces the Sapien Foundation; to launch $SAPIEN TGE & airdrop soon.

List of Upcoming TGEs, Listings, & Releases by ICO Analytics.

Airdrops


Airdrops, Checkers, & Points by Olimpio.

• ⭐️ Caldera launches $ERA airdrop claim; Caldera users, Caldera quest participants, & more are eligible; claim ends on July 31st.

Binance launches Chainbase $C HODLer Airdrop; $BNB Simple Earn and/or On-Chain Yield product subscribers from July 6th to July 9th are eligible.

ICYMI Weekly Airdrop Recap (July 5) by Earndrop.

ICYMI Eclipse launches $ES airdrop claim; Eclipse users are potentially eligible; claim ends on August 15th.

Finance News


US President Trump to sign executive order that would open 401(k) retirement plans to invest in alternative assets such as crypto, gold, & private equity.

Coinbase $COIN reaches new all-time high of ~$444; first time since its IPO in June 2021.

Block Inc $XYZ to join S&P 500 $SPX on July 23rd; replaces Hess Corp following its acquisition by Chevron.

Semler Scientific $SMLR buys an additional 210 Bitcoin $BTC for ~$25M at ~$118,974 per BTC; now holds 4,846 BTC worth ~$571M.

Bitmine $BMNR buys additional Ethereum $ETH; now holds 300,657 ETH worth ~$1B.

SharpLink Gaming $SBET files to increase ATM offering from $1B to $6B; to use proceeds to buy more Ethereum $ETH.

Bit Digital $BTBT buys an additional ~19,683 Ethereum $ETH; now holds ~120,306 ETH worth ~$432M.

US President Trump to impose 93.5% tariff on battery material from China.

US President Trump seeks 15-20% minimum tariff on all EU goods.

Security and Exploits


ICYMI BigONE exploited for ~$27M due to supply chain attack; team to cover losses; team working with SlowMist to investigate.

ICYMI Google releases Chrome security update patching six vulnerabilities; includes one zero-day being actively exploited in the wild.

Token Unlocks


• deBridge $DBR / ~$13M / July 17th
• UXLINK $UXLINK / ~$14M / July 17th
• ZKsync $ZK / ~$10M / July 17th
• Solv $SOLV / ~$10M / July 17th
• ApeCoin $APE / ~$11M / July 17th
• Trump $TRUMP / ~$900M / July 18th
• LayerZero $ZRO / ~$60M / July 20th
Sourced from Tokenomist


Funding


Spiko raises $22M in Series A funding led by Index Ventures.

• ⭐️ XMTP raises $20M in Series B funding led by USV, a16z Crypto, & Faction.

Blockskye raises $15.8M in Series C funding led by Blockchange Ventures.

Syntetika raises $2.5M in Seed funding from several investors.

Fluent raises $2.2M in funding from several investors.

Football Fun raises $2M in funding led by 6th Man Ventures.

Sidekick raises an undisclosed amount in funding from Fenbushi Capital.

Trends raises an undisclosed amount in Angel funding from several investors.

The Degen Farmer

Top stablecoin yield farms of the day, more than $3,000,000 in TVL. DYOR and step up your farming game!

PROTOCOLASSETSAPY
Raydium AMM logoRaydium AMM (Solana)USDTUSDC47.14%
Uniswap V3 logoUniswap V3 (Ethereum)EUROCUSDC42.19%
Peapods Options logoPeapods Options (Ethereum)USDC35.22%
Merkl logoMerkl (Ethereum)KPDUSDC35.00%
StakeDAO logoStakeDAO (Ethereum)USDCUSDF31.71%
Convex Finance logoConvex Finance (Ethereum)USDCUSDF28.34%
Indigo logoIndigo (Cardano)IUSD20.46%
. . .

Mizu: Unified Liquidity Layer

Mizu: Liquidity, like water, is shapeless but trapped by fragmented systems. Mizu breaks these barriers, uniting liquidity across VMs into a seamless, borderless flow. Connecting Liquidity Providers, Yield Partners, Auto-Yield Vaults, and Liquidity Seekers, Mizu commoditizes yield and redefines DeFi, enabling limitless possibilities.

Mizu Unified Ecosystem: Mizu’s advanced infrastructure drives scalability and compatibility across chains. Its modular design ensures fast, efficient transactions. Liquidity Providers deposit into Gateway Contracts, tokenized as Shadow Tokens, with Auto-Yield Vaults optimizing returns, creating a unified DeFi ecosystem.

HyperEVM Vaults: Mizu recently launched HyperEVM Vaults in collaboration with Hyperbeat and Veda. Users can deposit into automated vaults that optimize returns from top DeFi protocols with just one click! Earn rewards from Mizu, Hyperlend, Resolv, Lombard, and many more!

👉 Deposit into HyperEVM Vaults with just one click!

. . .

That’s it for today’s edition! See you soon.

Reply

or to participate.