Crypto big wigs head to White House to witness GENIUS Act signed into law

2025/07/19 02:13

The cryptocurrency industry is about to witness history with the U.S. President Donald Trump poised to sign the GENIUS Act into law, and two of the top industry players will be at the White House to witness the regulatory milestone.

Brian Armstrong, the co-founder and chief executive officer of Coinbase and Jeremy Allaire, the co-founder and CEO of Circle, are headed to White House.

As the cryptocurrency industry awaits the historic event set for 2:30 pm on July 18, 2025, Armstrong and Allaire have posted on X that they will be in attendance.

This comes after Congress passed the GENIUS Act and two other digital asset regulation bills – the CLARITY Act and Anti-CBDC Act. Crypto hailed the legislative milestone as a major win for the industry, particularly as GENIUS, which targets the stablecoin sector, heads to Trump’s desk for signing into law.

Crypto regulatory milestone

Armstrong, whose Coinbase is the biggest U.S.-based crypto exchange, posted on X that GENIUS marks the next step in crypto innovation and adoption.

The GENIUS Act received bipartisan support in the House, with a 308-122 vote marking a notable support move from Democrats. The passage of the bills and Trump’s signing into law will mark a winning end to the “Crypto week.”

Allaire also posted on X:

In a comment, Dante Disparte, Circle’s chief strategy officer, said:

The GENIUS Act is set to be the first ever major digital asset regulation to be assented into law by a U.S. president.

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

dYdX Snaps Up Telegram Trading App That Hit $1B Volume in Under a Year

dYdX Snaps Up Telegram Trading App That Hit $1B Volume in Under a Year

Key Takeaways: dYdX has acquired Telegram-native app Pocket Protector. Co-founders Eddie Zhang and Kaiser Kinbote will join dYdX as President and Head of Growth. Messaging-integrated trading is emerging as a frictionless gateway to DeFi, especially in markets with limited access to desktop platforms. dYdX has acquired Pocket Protector, a Telegram-native trading app, to expand its product suite and accelerate growth. According to a statement published by dYdX founder Antonio Juliano on July 16, Pocket Protector’s team will join dYdX Trading Inc. as part of the deal, including co-founders Eddie Zhang and Kaiser Kinbote, who will take on the roles of President and Head of Growth, respectively. Pocket Protector’s Developers to Join dYdX The acquisition follows the rapid growth of Pocket Protector’s app, which drew 50,000 users and reached $1 billion in annualized trading volume in under a year. “Eddie will help lead our core team’s day-to-day execution and drive our broader product and go-to-market strategy,” Juliano wrote. “Kaiser will focus on growth, bringing clarity to what matters, and pushing us to operate faster and smarter.” Pocket Protector’s core features, including Telegram-based perps and spot trading, will be incorporated into dYdX’s main platform. Juliano said the team is already working to adapt parts of the bot’s functionality. A four-person engineering team at Pocket Protector will also be integrated into dYdX’s product and engineering divisions. Juliano credited Zhang’s experience leading early Messenger development at Meta and launching consumer-facing products with shaping his decision. “He has strong product instincts, a track record of execution, and a rare ability to zoom between strategy and details,” he wrote. 1/ Some news today: we’re excited to share that we’ve been acquired by @dYdX ! The Pocket Protector you know and love isn’t going anywhere, and we’re excited to be building better and faster for you. — Pocket Protector (@pp_trading) July 18, 2025 From Infrastructure to Users dYdX has now positioned itself to scale beyond early infrastructure-building into user-facing expansion. “We’re no longer just proving the idea, we’re scaling it,” Juliano said. He added that dYdX is hiring across research and engineering roles to support the product roadmap. “Since then, we’ve spent years focused on 0→1,” he wrote. “Now is the moment to go from 1→n: delivering exceptional user experience, expanding the product surface area, and building the best exchange in crypto.” Telegram-native interfaces are gaining traction across Solana and Ethereum ecosystems, where lightweight apps allow onboarding without browser-based friction. In the meantime, exchanges may increasingly compete not just on liquidity and fees but on interface flexibility, user flow, and community retention. Integrating social tools into core trading infrastructure could become a differentiator in retail market share, especially in regions where messaging apps serve as primary financial access points. Are there regulatory implications for exchanges operating through social platforms? Yes, integrating with global messaging platforms could raise jurisdictional challenges around financial communication, user verification, and cross-border compliance. What makes social trading tools competitive in user retention? Features like in-app alerts, shared strategies, and group trading discussions create embedded communities, increasing user engagement and reducing churn. Could this trend extend beyond Telegram? Yes. Similar models may expand into WhatsApp or other high-usage chat platforms, provided technical integration and local compliance frameworks align.
Share
CryptoNews2025/07/19 03:25