President Donald Trump signed the GENIUS Act into law, which is the first federal law in the U.S. to formally define stablecoin regulation.

President Trump signed the GENIUS Act, a law designed to regulate payment stablecoins and bring legitimacy to the cryptocurrency industry. Officially titled "Guiding and Establishing National Innovation for US Stablecoins,

Bipartisan majorities back the first federal cryptocurrency measure to reach a president’s desk. It restricts the issuance of stablecoins to a set of authorized firms.