Donald Trump says newly signed crypto law will establish ‘American dominance’.

What's the GENIUS Act ?

The GENIUS Act (Guiding and Establishing National Innovation for U.S. Stablecoins) is a new U.S. law signed by Donald Trump that:

Regulates stablecoins (crypto tied to the U.S. dollar)

Requires 100% reserve backing (cash or Treasuries)

Enforces transparency & monthly audits

Gives consumers top priority in insolvencies

Aims to make the U.S. the global leader in crypto

Trump called it a step toward "American dominance" in digital finance.