After Trump signed the GENIUS Act, Coinbase, Tether, and Circle all expressed their positions

ChainCatcher news, according to Coindesk, after U.S. President Trump signed the GENIUS Act, the world's largest stablecoin issuer Tether announced that the company plans to ensure its flagship stablecoin USDT (a token pegged to the U.S. dollar) complies with the GENIUS Act and will launch a new version of USDT for institutional users, implementing audit reforms and adjusting its reserve structure. CEO Paolo Ardoino stated that the company "earned $1.3 billion in profit last year" and is confident in meeting the new regulations.

Circle CEO Jeremy Allaire stated that the company has long been operating in compliance and called the GENIUS Act "official legislation for Circle's business model."

Meanwhile, Coinbase CEO Brian Armstrong urged for the swift advancement of the market structure bill, hoping to complete the legislative process by September 30, stating that "GENIUS is the first step, and market rules are a key step."