#StablecoinLaw The President of the United States, Donald Trump, signed a law on Friday to create a regulatory framework for cryptocurrencies linked to the dollar, known as stablecoins, a milestone that could pave the way for digital assets to become a common means of making payments and moving money.

The bill, called the GENIUS Act, was approved in the House of Representatives by a vote of 308 in favor and 122 against, with support from nearly half of the Democrats and the majority of Republicans. It had previously been approved by the Senate.

The law is a major victory for cryptocurrency supporters, who have long pushed for such a regulatory framework in an effort to gain greater legitimacy for an industry that began in 2009 as a digital wild west famous for its innovation and speculative chaos.