Watch Live: Trump signs landmark crypto bill, the GENIUS Act, at White House ceremony
Washington — President Trump is signing a landmark bill to regulate cryptocurrency on Friday, one day after the bill passed the House despite some opposition from conservatives.
The legislation, called the GENIUS Act, will be the first major law governing digital currency, establishing a regulatory framework for the $250 billion stablecoin market. Stablecoins are viewed as a relatively safe type of cryptocurrency, since their value is pegged to other assets, like the dollar. The bill passed the House on Thursday with the support of 206 Republicans and 102 Democrats.
Members of Congress and top executives from Robinhood, Tether, Gemini, and other crypto firms are in attendance for the signing ceremony at the White House.
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