US codifies GENIUS Act, sets up strategic Bitcoin reserve under Trump

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US codifies GENIUS Act, sets up strategic Bitcoin reserve under Trump
PrimeXBT Editorial Team
Reviewed by PrimeXBT

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The U.S. has codified the GENIUS Act into law, established a strategic Bitcoin reserve, and drawn a clearer line between crypto securities and commodities. CFTC Chair Mike Selig announced the moves at a White House crypto summit under President Trump.

CFTC Chair Mike Selig told a White House crypto summit that the U.S. has codified the GENIUS Act, established a strategic Bitcoin reserve, and clarified the distinction between crypto securities and commodities under President Trump's leadership. The distinction highlights ongoing efforts to build a clearer regulatory framework for cryptocurrencies in the United States.

The GENIUS Act, now law, is meant to streamline and enforce crypto regulations. The strategic Bitcoin reserve reflects the government's decision to retain seized Bitcoin rather than sell it off, a proactive stance in how it manages digital assets it already holds.

The securities-versus-commodities split is part of a broader effort to align the SEC and CFTC on digital asset oversight, and that alignment remains a key factor in how U.S. crypto market structure develops. Market participants will likely monitor further regulatory developments and statements from U.S. officials that could affect Bitcoin's price trajectory, and, according to Crypto Briefing, upcoming policy announcements tied to federal crypto rules could be consistent with scenarios in which Bitcoin's price rises.

The announcement suggests increased regulatory clarity for the crypto market, which may influence price expectations. Market activity already appears supportive of higher Bitcoin price expectations, as reflected in movements in prediction markets.

Source: Crypto Briefing

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