Cryptocurrency has gained a hold in Americans’ investment portfolios and their retirement accounts — and now it’s a step closer to their wallets for everyday use.

The House of Representatives passed the GENIUS Act, which deals with stablecoin regulation, in a 308-122 vote on July 17.

The GENIUS Act would mean that stablecoins in U.S. markets need to show receipts. Last year the president co-founded his own digital asset company, World Liberty Financial, with his sons Donald Trump Jr., Eric and Barron. The firm is directly involved in ...

US House passes GENIUS Act to regulate stablecoins, sending bill to President Trump for signature. First major crypto law mandates 1:1 reserves and transparency.

White House Press Secretary Karoline Leavitt also said that President Trump opposes the creation of a central bank digital currency.

The House took a record nine hours to vote to advance the legislation Wednesday as Republican leaders negotiated with conservative holdouts who blocked the trio of bills.

Bitcoin and other major cryptocurrencies traded higher Wednesday after President Donald Trump said he expects the House to pass the GENIUS Act.

President Donald Trump has announced that he made a deal with most of the House Republicans who derailed a procedural vote on a package of legislation, including three cryptocurrency bills.Trump wrote on Truth Social on Tuesday night: "I am in the Oval Office with 11 of the 12 Congressmen/women necessary to pass the GENIUS Act and,