StablecoinLaw
US President Donald Trump signed the Guidance and Establishment of National Innovation for US Stablecoins Act, or the GENIUS Act, on Friday, becoming the first major federal law in the country regulating cryptocurrencies.
The legislation, passed with a bipartisan majority in Congress, provided an immediate boost to market sentiment: the total value of crypto assets exceeded $4 trillion, according to CoinGecko, a website for aggregating cryptocurrency data.