Senator Bill Hagerty, U.S. Senator representing Tennessee, announced on his Twitter account a series of legislative milestones for the GENIUS Act, which he authored. The bill marks a significant development in U.S. financial regulation and cryptocurrency policy.
On July 17, 2025, Hagerty shared news of the House passing his legislation: ” The House just passed my bill – The GENIUS Act! This historic legislation will bring our payment system into the 21st century. It will ensure the dominance of the U.S. dollar. It will increase demand for U.S. Treasuries. I look forward to @POTUS signing GENIUS into law – https://t.co/NmQMVHZGls”.
Later that day, Hagerty emphasized the significance of the vote: “This afternoon, the House passed the GENIUS Act — soon to be the first-ever crypto law in our nation’s history. It will be great for the freedom and prosperity of American citizens, our businesses, and the Greatest Nation in the history of the world. I look forward to being”.
The following day, Hagerty confirmed that President Biden had signed the bill into law: “.@POTUS just signed my bill—the GENIUS Act—into law. Proud to be there for this historic moment. This is the first crypto legislation ever signed into law in the United States. A major win for American innovation, leadership, and the future. https://t.co/4lHF7p1MLg”.
The passage and signing of the GENIUS Act represent a landmark moment as it becomes the first federal law specifically addressing cryptocurrency in U.S. history. Prior to this legislation, there was no comprehensive national framework regulating digital assets or their integration with traditional financial systems.
The act is expected to modernize payment infrastructure in line with advances in digital finance and aims to reinforce both global confidence in the U.S. dollar and increased demand for Treasury securities by integrating new technologies within established economic frameworks.
Senator Hagerty has been an advocate for policies supporting American competitiveness and technological leadership during his tenure in Congress.
