GENIUS Act becomes law as Trump approves cryptocurrency regulation
NEWYou can now listen to Fox News articles!
President Donald Trump signed into law the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act Friday — a landmark piece of legislation that establishes federal regulations surrounding digital currency.
Ahead of signing the bill, Trump recalled how he previously vowed to make the U.S. the “crypto capital of the planet” during a keynote address during a bitcoin conference in Nashville, Tennessee, in July 2024, where he said that regulations his administration would implement would be “written by people who love your industry, not hate your industry.”
“I pledged that we would bring back American liberty and leadership and make the United States the crypto…
