Money Grab/Profit from his own market-moving decisions
Trump signs GENIUS Act stablecoin law
On July 18, 2025, Trump signed the GENIUS Act, the first federal framework for dollar-pegged payment stablecoins. One of the stablecoins the law covers is USD1, issued by World Liberty Financial, the Trump family’s crypto venture. No dollar figure is attached.
What happened
Until 2025 no federal law governed who could issue stablecoins or how they had to be backed. They are cryptocurrencies pegged to the dollar and used to move money between crypto markets. In March 2025, World Liberty Financial, the Trump family’s crypto venture, launched its own stablecoin, USD1.
On July 17, 2025, the House passed S. 1582, the Guiding and Establishing National Innovation for U.S. Stablecoins Act, with bipartisan support. On July 18, Trump signed it at a White House ceremony before about 200 guests, including senior Republican lawmakers.
The law sets a licensing regime and reserve requirements for issuers of payment stablecoins, a category that includes USD1. It bars members of Congress and senior executive-branch officials from profiting from stablecoin businesses, but that provision does not reach the president or his family. Some Democrats said the law could help Trump enrich himself.
Who benefited
The stablecoin industry gained a federal framework and legitimacy. Within it, World Liberty Financial’s USD1 now operates under rules signed by the president who co-founded the company, and whose ethics clause was written not to apply to him. No dollar figure attaches to the signing.
Who wanted something
The crypto industry spent heavily in the 2024 election and lobbied for the bill. The record names no single counterparty. The company most directly affected among the president’s interests is World Liberty Financial, co-founded by Trump and Steve Witkoff, now his Middle East envoy.
Who lost out
No public money is in this record. What the public did not get was a conflict-of-interest rule reaching the president: the law restricts lawmakers and officials from stablecoin profits and leaves the one issuer in the president’s family untouched.
Why it matters
The law Trump signed on July 18, 2025 wrote the rules for a product his family had launched four months earlier, and its ethics bar stops at his door. Presidents sign laws touching every industry. The record does not put a dollar value on that; it marks the date and the carve-out.
Sources The White House (primary)Associated Press (via KTVU)ForkLog