Trump Signs GENIUS Act Into Law, Establishing Stablecoin Regulations

Former President Donald TRUMP signed the GENIUS Act into law, marking the first major congressional effort to regulate cryptocurrencies. The legislation provides a legal framework for stablecoins, underscoring the growing influence of digital assets in U.S. policy. "This could be perhaps the greatest revolution in financial technology since the birth of the internet itself," Trump declared at the signing ceremony.

Republican leaders and crypto executives, including Coinbase's Brian Armstrong and Circle's Jeremy Allaire, attended the event. Trump praised the industry's resilience, calling the bill a "massive validation" of their efforts. The move contrasts with the Biden administration's cautious stance on crypto, positioning digital assets as a key issue in the 2024 election.