$SUI U.S. President Donald Trump officially signed the "Guidance and Establishment of the National Innovation Act for U.S. Stablecoins," also known as the "Genius Act," at the White House, marking the first time in history that federal legislation regarding cryptocurrency regulation has officially come into effect.

The act sets stricter requirements for the regulation of stablecoins: issuers are required to maintain a 1:1 reserve backed by liquid assets such as U.S. dollars and short-term government bonds, and to publicly disclose the composition of reserves on a monthly basis. From now on, stablecoins are no longer experimental products in a gray area, but are enshrined in U.S. law and endorsed by the state as "official monetary tools."