‘GENIUS Act’: Donald Trump signs cryptocurrency bills into law, hails it as ‘good for dollar’
US President Donald Trump on Friday signed into law a new set of regulations targeting a specific type of cryptocurrency, marking a significant step forward for an industry that has invested heavily in gaining legitimacy and political influence.
The newly enacted GENIUS Act introduces foundational rules and consumer safeguards for stablecoin digital currencies pegged to assets such as the U.S. dollar to minimise price fluctuations. The legislation received strong bipartisan support in both the House and Senate, as reported by the Assocaited Press.
