President Trump signed the GENIUS Act on June 10, 2025 — the first federal law regulating stablecoins in the United States. Bitcoin advances toward $105,000, driven by the new regulatory clarity this law brings to the entire crypto sector.
What the GENIUS Act concretely changes
The law requires stablecoin issuers to maintain 100% reserves in liquid assets (cash, short-term Treasury bills). It establishes clear regulatory oversight, split between the Fed for systemic issuers and state regulators for smaller issuers. Foreign issuers wishing to operate in the United States must comply with these requirements.
The indirect impact on Bitcoin
Regulatory clarity on stablecoins reduces systemic uncertainty across the sector. Stablecoins are the liquidity infrastructure of the crypto market — their legal framework strengthens institutional confidence in the ecosystem. Farside Investors records $3.2 billion in net inflows into Bitcoin ETFs in May — second best month since launch.
The CLARITY Act pending
The GENIUS Act is the first in a legislative series. The CLARITY Act — which establishes a framework for all digital assets — is under Senate discussion. Its adoption would complete the Trump administration's pro-crypto legislative arsenal.
What this data does not tell us
Regulatory clarity is a necessary but not sufficient condition for a rally. The effective implementation of these laws and their impact on institutional adoption will take time to materialise.