Trump signs first major crypto bill into law
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President Trump on Friday signed into law the GENIUS Act, the first-ever federal legislation to regulate stablecoins.
The US crypto industry is celebrating as Congress passed three major bills in its “Crypto Week” legislative bonanza.
Crypto executives poured millions into Trump’s campaign, and now he’s helping to make their priorities into law.
The House this week took up a trio of bills that would establish a federal framework for regulating the cryptocurrency industry. One of the measures cleared Congress and is on its way to enactment.
Crypto Week has spotlighted lawmakers as they advance the CLARITY, GENIUS and Anti-CBDC acts, promising clearer rules for digital assets.