#StablecoinLaw
President Donald Trump has signed the GENIUS Act into law, declaring it was ‘named after me.’
Trump signs GENIUS Act, establishing regulatory framework for stablecoins in the US
On Thursday, the House passed a bundle of crypto bills, sending one, the stablecoin legislation known as the GENIUS Act, to President Trump’s desk. Trump signed it into law Friday afternoon, making it the first ever piece of major crypto legislation in the U.S.
“This is the biggest deal in crypto so far this year, up there with the change in the SEC – it’s the first crypto-focused law in the history of the United States, home to the largest financial market in the world. Just the symbolism alone is worth getting excited about,” said Noelle Acheson
Ethereum takes spotlight as Trump signs stablecoin bill into first major U.S. crypto law.
