U.S. President Donald Trump holds the signed “Genius Act”, which will develop regulatory framework for stablecoin cryptocurrencies and expand oversight of the industry, next to U.S. Senator Bill Hagerty and U.S. House Speaker Mike Johnson, at the White House in Washington, D.C.
| Photo Credit: Reuters
U.S. President Donald Trump on Friday (July 18, 2025) signed a law to create a regulatory regime for U.S.-dollar-pegged cryptocurrencies known as stablecoins, a milestone that could pave the way for the digital assets to become an everyday way to make payments and move money.
The bill, dubbed the GENIUS Act, passed by 308 to 122,…
