Odaily Planet Daily News - US President Trump has officially signed the "U.S. Stablecoin National Innovation Act (GENIUS Act)", marking the first federal regulation related to crypto assets. The act requires stablecoins to be 100% backed by U.S. dollars or equivalent liquid assets, and mandates annual audits for issuers with a market capitalization exceeding $50 billion, while also establishing regulatory guidelines for offshore issuers. Executives from Circle, Tether, Coinbase, and others attended the signing ceremony, and Trump stated that this move will "establish the United States' dominant position in global finance and crypto technology." (The Block)