Shares of crypto-linked companies jumped on Monday, as ether prices scaled their highest this year after President Donald Trump signed into law a bill regulating stablecoins in the U.S.

U.S. President Donald Trump signed the GENIUS Act governing stablecoins into law on Friday, July 18, 2025, marking the first time a major piece of crypto legislation became a law in the U.S. Lawmakers and crypto industry executives all attended the roughly hour-long ceremony,

President Donald Trump signed what is called the ‘Genius Act.’ It is the first ever stablecoin and crypto regulation bill in the United States and any part of the world. While some of the rules are still being drawn up over the next year,