Trump signs GENIUS Act, 1st federal law regulating crypto
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The Republican-controlled House on Thursday passed landmark legislation to regulate stablecoin in a big win for the cryptocurrency industry.
CNBC's Emily Wilkins from the White House on the Guiding and Establishing National Innovation for U.S. Stablecoins, known as the GENIUS Act, that President Trump is signing into law.
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The US House on Thursday passed major bipartisan legislation that aims to regulate a type of cryptocurrency known as stablecoins, sending the bill to the president’s desk for his signature.
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President Trump signed the first major cryptocurrency bill into law Friday afternoon, touting its landmark status. He hailed the GENIUS Act, which establishes a regulatory framework for dollar-backed digital tokens called stablecoins,