#StablecoinLaw U.S. President Donald Trump on Friday, July 18, signed the historic GENIUS Act, which introduces clear regulations for stablecoins — digital currencies pegged to the dollar. This is the first major legislation in the U.S. establishing a legal framework for this category of crypto assets. This is reported by CBS News.

U.S. President Donald Trump on Friday, July 18, signed the historic GENIUS Act, which introduces clear regulations for stablecoins — digital currencies pegged to the dollar.

The GENIUS Act (full name — Guiding and Establishing National Innovation for US Stablecoins) creates a regulatory framework for the $250 billion stablecoin market.

Stablecoins are considered a relatively safe type of cryptocurrency, as their value is linked to other assets, such as the U.S. dollar. The bill passed through the House of Representatives on Thursday, July 17, with the support of 206 Republicans and 102 Democrats.