The Trump administration is celebrating the GENIUS Act and its pro‑crypto agenda, yet Tornado Cash and Samourai prosecutions fuel doubts that US developers are truly in the clear. The White House praised President Donald Trump for making the United States the “crypto capital of the world,” and cast the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act as the catalyst in making the country the “global leader in cryptocurrency.” In a recent post on X, an official communication added, “promises made, promises kept,” to Trump ending the Biden era “crusade to crush crypto.” Moving beyond the rhetoric, the US Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) announced a joint event on Thursday to discuss “harmonization between the two agencies and their efforts to deliver on President Trump’s promise.” Read more
Tether’s new US-regulated stablecoin, issued by Anchorage Digital Bank and backed by Cantor Fitzgerald reserves, launches on major exchanges under the US GENIUS Act. Tether, the issuer of USDt — the largest stablecoin by market capitalization — has officially launched USAt, a US dollar-pegged stablecoin built specifically to operate within the US. Following an initial announcement last year, Tether confirmed on Tuesday the formal market launch of its USAt stablecoin, with Anchorage Digital Bank serving as the issuer. Tether describes USAt as a “federally regulated, dollar-backed stablecoin” designed to function under the US GENIUS Act, which established the first federal framework for payment stablecoins in the US in July 2025. Read more