President Donald Trump ended "Crypto Week" with a flourish, signing the GENIUS Act into law on Friday afternoon, surrounded by Vice President JD Vance, the bill's author Sen. Bill Hagerty (R-TN), House Speaker Mike Johnson (R-LA), Secretary of Commerce Howard Lutnick, Sen. Bernie Moreno (R-OH), House Majority Whip Tom Emmer (R-MN), and the other legislators who contributed to getting the GENIUS Act across the finish line. Trump was also surrounded by the financial, technology, and crypto industry giants, including Coinbase CEO Brian Armstrong, Kraken CEO Dave Ripley, Circle CEO Jeremy Allaire, Paolo Ardoino of Tether, Ryan McInerney of Visa, Inc., Rumble's Chris Pavlovski, Robinhood co-founder and CEO Vlad Tenev, and Gemini founders Tyler and Cameron Winklevoss.
While signing the bill into law, Trump joked that "this is not an Autopen!" to uproarious laughter.
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Read it Here: A Landmark Crypto Week: House Passes GENIUS Act, Moves Clarity Act Forward to the Senate
Trump acknowledged the vision and resilience of the crypto community, which moved this form of currency from a fringe effort onto the national stage. Trump opened with these remarks:
Let me say the entire crypto community for years you were mocked, and dismissed, and counted out, you were counted out as little as a year and a half ago. But this signing is a massive validation, and even before this signing over the last year, year and a half, I think your stuff has gone up more than any stock [...] you have, certainly as an industry, gone up more than anybody. Nobody's gained the respect in such a short period of time. But this signing is a massive validation of your hard work, and your pioneering spirit, and your ability to never give up. 'Cause a lot of people would have given up two, three years ago. So, I want to thank you for contributing to the incredible strength of America, this is going to make it stronger, and congratulations on this incredible achievement.
Trump also talked about the viciousness of the prior administration in seeking to destroy their efforts in the past. Trump gained tremendous applause when he mentioned the firing of Biden's SEC Chair, Gary Gensler.
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Trump invited White House AI and crypto czar David Sacks to the podium. In his remarks, Sacks acknowledged:
It's a great, great honor to be here, and it's true, I never expected to work in government at all, and then everything changed after President Trump came on my podcast. I accepted this job as crypto czar because I thought it was a once-in-a-lifetime opportunity to work for a president who really wants to get things done for the American people.
Sacks thanked all the players who helped to form, craft, and shepherd the bill through the legislature. But Sacks gave special thanks to the president for his vision in getting the GENIUS Act done.
Most of all, I want to thank President Trump for accomplishing what nobody thought was possible. And it's true, that just earlier this week the media was reporting that this bill was dead. This bill was dead. But then the media didn't know one thing: We have a secret weapon, we have a Dealmaker in Chief. And thanks to President Trump, he stepped in and saved this bill. It's because of your vision, your leadership, your determination, and your skill that we're all here today.
WATCH:
Speedily Passing the GENIUS Act Is a National Security Necessity
Secretary of the Treasury Scott Bessent explained on X the significance of such legislation and its importance to America's future.
Editor’s Note: Thanks to President Trump’s leadership and bold policies, America’s economy is back on track.
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