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Public Law 119-27: GENIUS Act

This primary source from U.S. Government Publishing Office supports 1 claim across 1 ledger entry.

Publisher
U.S. Government Publishing Office
Published
2025-07-18
Source quality
primary

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  1. factdocumented

    Donald Trump signed the GENIUS Act on July 18, 2025. Section 4(i)(2) says the act does not limit existing ethics law and states that existing rules prohibit any member of Congress or senior executive-branch official from issuing a payment stablecoin while in public service; the enacted clause contains no express restriction on a president's relatives. AP reported that Trump's family held a significant stake in World Liberty Financial, issuer of a dollar-pegged stablecoin.

    Public Law 119-27 §4(i)(2), 139 Stat. 428; existing ethics rules for members of Congress and senior executive-branch officials issuing payment stablecoins

    GENIUS Act ethics clause omitted a presidential-family issuer bar · Enacted; no express family-member issuer restriction in Section 4(i)(2)