Fact Sheet: President Donald J. Trump Signs GENIUS Act into Law

Fact sheetPublished 25/07/18Open the original

Summary

President Trump signs the GENIUS Act, the first federal regulatory system for stablecoins: issuers must hold 100% reserves in liquid assets such as U.S. dollars or short-term Treasuries, disclose reserves monthly, and holders' claims come first in an issuer's insolvency.

By industry

Crypto & Digital Assets1 trading day−0.2%p15 stocks5 trading days−1.9%p15 stocks20 trading days−14.8%p15 stocks
“creates the first-ever Federal regulatory system for stablecoins”

Day by day after the announcement

Crypto & Digital Assets stocks and the S&P 500 after the announcement, cumulative %
Day	Crypto & Digital Assets stocks	S&P 500
25/07/17	0.0%	0.0%
25/07/18	−0.3%	−0.1%
25/07/21	−0.8%	+0.1%
25/07/22	+0.2%	+0.1%
25/07/23	+0.3%	+1.1%
25/07/24	−0.9%	+1.1%
25/07/25	−2.9%	+1.4%
25/07/28	−4.6%	+1.4%
25/07/29	−10.3%	+1.1%
25/07/30	−10.1%	+1.5%
25/07/31	−11.5%	+0.6%
25/08/01	−17.0%	−1.0%
25/08/04	−13.4%	+0.6%
25/08/05	−15.2%	−0.1%
25/08/06	−13.0%	+0.7%
25/08/07	−12.4%	+0.7%
25/08/08	−13.9%	+1.6%
25/08/11	−13.5%	+1.2%
25/08/12	−13.1%	+2.3%
25/08/13	−12.8%	+2.6%
25/08/14	−12.1%	+2.7%

Stocks it names

StrategyMSTR

Korean stocks in these industries

NAVER 035420
Hanwha Investment & Securities 003530
Woori Technology Investment 041190
Wemade 112040

Trades in these industries around the announcement

Members' and insiders' trades in the industries' stocks, 30 days before to 30 days after.

Peter L. Briger Jr.Director
BuyStrategy
Buy
Strategy
MSTR
$19.8M
220,000 sh
$19.8M
Filed 25/07/29
Traded 25/07/29
Le PhongPresident & CEO
BuyStrategy
Buy
Strategy
MSTR
$495K
5,500 sh
$495K
Filed 25/07/29
Traded 25/07/29
Andrew KangEVP & CFO
BuyStrategy
Buy
Strategy
MSTR
$252K
2,800 sh
$252K
Filed 25/07/29
Traded 25/07/29
Jarrod M. PattenDirector
BuyStrategy
Buy
Strategy
MSTR
$500K
5,555 sh
$500K
Filed 25/07/29
Traded 25/07/29
Jeanine MontgomeryVp & Cao
BuyStrategy
Buy
Strategy
MSTR
$450K
5,000 sh
$450K
Filed 25/07/29
Traded 25/07/29
Wei-Ming ShaoEVP & General Counsel
BuyStrategy
Buy
Strategy
MSTR
$225K
2,500 sh
$225K
Filed 25/07/29
Traded 25/07/29
Jane A. DietzeDirector
BuyStrategy
Buy
Strategy
MSTR
$135K
1,500 sh
$135K
Filed 25/07/29
Traded 25/07/29
Gregg WiniarskiDirector
BuyStrategy
Buy
Strategy
MSTR
$976.5K
10,000 sh
$976.5K
Filed 25/08/12
Traded 25/08/08
Andrew KangEVP & CFO
SellStrategy
Sell
Strategy
MSTR
$2.5M
6,250 sh
$2.5M
Filed 25/08/11
Traded 25/08/07
Andrew KangEVP & CFO
SellStrategy
Sell
Strategy
MSTR
$2.5M
6,250 sh
$2.5M
Filed 25/08/11
Traded 25/08/07
Andrew KangEVP & CFO
SellStrategy
Sell
Strategy
MSTR
$2.4M
6,250 sh
$2.4M
Filed 25/08/11
Traded 25/08/07
Andrew KangEVP & CFO
SellStrategy
Sell
Strategy
MSTR
$2.4M
6,250 sh
$2.4M
Filed 25/08/07
Traded 25/08/05
Vladimir TenevCEO
Sell10b5-1 planRobinhood Markets
Sell10b5-1 plan
Robinhood Markets
HOOD
$70M
750,000 sh
$70M
Filed 25/07/03
Traded 25/07/01
Jeanine MontgomeryVp & Cao
SellStrategy
Sell
Strategy
MSTR
$18.8M
43,750 sh
$18.8M
Filed 25/07/15
Traded 25/07/11
Wei-Ming ShaoEVP & General Counsel
SellStrategy
Sell
Strategy
MSTR
$13M
32,500 sh
$13M
Filed 25/07/11
Traded 25/07/09
Vladimir TenevCEO
Sell10b5-1 planRobinhood Markets
Sell10b5-1 plan
Robinhood Markets
HOOD
$39.3M
385,485 sh
$39.3M
Filed 25/07/18
Traded 25/07/16
Vladimir TenevCEO
Sell10b5-1 planRobinhood Markets
Sell10b5-1 plan
Robinhood Markets
HOOD
$11.6M
114,175 sh
$11.6M
Filed 25/07/15
Traded 25/07/14
Jason WarnickCFO
SellRobinhood Markets
Sell
Robinhood Markets
HOOD
$11.1M
100,000 sh
$11.1M
Filed 25/08/19
Traded 25/08/15
Baiju BhattDirector
SellRobinhood Markets
Sell
Robinhood Markets
HOOD
$156.8M
1,568,421 sh
$156.8M
Filed 25/08/05
Traded 25/08/01
Wei-Ming ShaoEVP & General Counsel
SellStrategy
Sell
Strategy
MSTR
$3M
7,088 sh
$3M
Filed 25/07/11
Traded 25/07/10