President Donald Trump signed the first major federal law governing the cryptocurrency on Friday, a company in which Trump’s family has started to forge close ties and promoted in recent years.
The House of Representatives adopted the law on engineering Thursday with bipartite support, a month after erased the Senate. The bill, a key priority for the president, describes specific regulations aimed at making a specific type of digital currency called stablecoins more accessible and most general.
President Donald Trump signs the “engineering law”, which will develop the regulatory framework of stablecoin cryptocurrencies and will expand surveillance of the industry, at the White House in Washington, DC, on July 18, 2025.
Nathan Howard / Reuters
In recent years, Trump, formerly cryptographic skeptical, has started to present himself as the most friendly in chief in American history and has prompted Congress to approach the question on the campaign campaign. The president, who launched his own Crypto-Mesme piece earlier this year, recently said that he was a “crypto fan” and called him a “very powerful industry” that the United States “dominated”.
“I promised that we bring back American freedom and leadership and that we would do in the United States the world capital of cryptography. And this is what we did under the Trump administration,” he said during the signing.
Stablecoins are cryptocurrencies that have their value linked to a stable asset like the US dollar. The law on engineering allows banks and other entities to more easily issue these parts and should increase public confidence in assets and increase industry as a whole.
Traditionally, buyers use their personal bank accounts to buy a stablecoin, then use stablecoin to exchange for another type of more volatile crypto, like Bitcoin or something else.
“Our years of work diligent at the Congress to bring the clarity of the stables of payment reached a historic turning point. President Trump called on the Congress to send him historical legislation to his office by August, and we have delivered,” said Republican representative French Hill, the chairman of the Chamber’s Financial Services Committee, in a press release.
The president of the financial services of the French Hill House is joined by, from left to right, the representative Dusty Johnson, the representative Bryan Steil, the whip of the majority of the Chamber Tom Emmer and the president of the Agriculture Committee of the Glenn Thompson Chamber while they speak of journalists after the Chamber has adopted three invoices intended to stimulate the legitimacy of the cryptocurrency Asked by President Donald Trump, Capitol in Washington, July 17, 2025.
J. Scott Applewhite / AP
The bill was adopted following an impasse among the republicans of the House after stalling for nine hours before it appears at a debate.
Although many Democrats, including the leaders of the Chamber, supported the bill, some have expressed their concern that the bill does not prevent civil servants from pushing their personal documents and taking advantage of anonymous transactions.
Democratic representative Maxine Waters, classification member of the Chamber’s Financial Services Committee, criticized the bill, pointing a business with links with the Trump family which recently launched its own stablecoin and could benefit from the currency more widely used.
A company associated with the Trump family holds a 60% stake in World Liberty Financial, a cryptographic company, which launched USD1, a stablecoin fixed to the US dollar this spring.
President Donald Trump speaks during an event for the signing of the law on engineering, a bill that regulates stablecoins, a type of cryptocurrency, in the east house of the White House, Friday July 18, 2025, in Washington, DC, DC
Alex Brandon / AP
Trump’s image is everywhere on the company’s website, which once nicknamed it “Chief Crypto Advocate” and has since changed its title into “Emeritus Co-founder”.
“The unstable act creates the appearance of a federal framework for stablecoins, but it does not provide the federal government with full authority it needs,” Waters said on Thursday before the vote.
World Liberty Financial declared in a previous statement to ABC News that it is “a private company without links to the American government”.
Trump and his family have fully immersed themselves on the cryptocurrency market, not only developing the room even $ Trump, but also a bitcoin extraction company and a crypto reserve.
The White House insisted that there is no conflict of interest in cryptographic companies, declaring that Trump’s assets are in a trust managed by his children.
Donald Trump speaks during the Bitcoin 2024 event in Nashville, Tennessee, July 27, 2024.
Kevin Wurm / Reuters
It will take a while before the public sees the changes described in the bill. After Trump has signed the law, federal regulators have six months to find specific regulations.
The Chamber has also adopted the Clarity Act, a set of market structures which establishes the rules for assets which are supervised by the Commission for Securities or Basic Products which are regulated by the Future Trading Commission commodities. This measure is now going to the Senate.
