President Donald Trump has signed the GENIUS Act into law, declaring it was ‘named after me.’ The new legislation Guiding and Establishing National Innovation for US Stablecoins creates America’s first federal framework for stablecoins, which are cryptocurrencies tied to assets like the dollar. With a $250 billion market, the law limits issuance to regulated institutions. Trump also admitted he backed crypto during his campaign ‘for the votes.’
Show more
