President Donald Trump has signed a new bill into law that changes how the United States handles cryptocurrency. This marks the first major update to crypto rules passed by Congress. The move is seen as a big win for digital asset firms and fulfills a promise Trump made during his campaign to support the crypto industry.
According to Politico, the bill, called the GENIUS Act, focuses on stablecoins. These are a type of cryptocurrency tied to the value of the U.S. dollar. By creating clear rules around stablecoins, the law aims to give more structure and support to this growing part of the financial world. Trump signed the bill on Friday, standing alongside Republican lawmakers and several top executives from the crypto industry.
