#StablecoinLaw The GENIUS Act, signed by U.S. President Donald Trump on July 18, 2025, became the first federal law regulating stablecoins in the U.S., but it does not include a ban on market participation for issuers previously convicted of fraud or money laundering, which drew criticism from Senator Elizabeth Warren, who pointed out that even figures like Sam Bankman-Fried could theoretically acquire a stablecoin issuer company from prison.