Trump signs ‘Genius Act,’ delivering major win to crypto industry
President Trump, who is rapidly expanding his fortunate by investing in crypto, has now signed the first major piece of crypto legislation into law.
Trump signs Genius Act, first major U.S. crypto law, into effect
President Donald Trump signed the Genius Act, establishing the first U.S. crypto law regulating stablecoins.
WASHINGTON ― President Donald Trump, who has made hundreds of millions of dollars in the White House from his recent dive into crypto, has now signed the first major piece of crypto legislation into law.
During a July 18 White House ceremony, Trump signed legislation backed by the crypto industry known as the Genius Act, which creates a regulatory framework for stablecoins, a popular type of cryptocurrency tied to the…
