Donald Trump’s Genius Act: Major crypto bill for stablecoins passed in US; here is what to know
US President Donald Trump on Friday signed the “GENIUS Act,” a new law aimed at regulating payment stablecoins, marking a significant step toward bringing legitimacy and oversight to the cryptocurrency industry. The law, officially titled “Guiding and Establishing National Innovation for US Stablecoins,” represents a major policy shift for digital assets in the US. The new law received strong support in both the House and Senate, passing with wide bipartisan backing.Speaking at a White House signing ceremony attended by around 200 people, including prominent crypto executives and top Republican lawmakers, Trump called the law a “massive validation” of the industry’s efforts.“For years you were mocked and dismissed and counted…
