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Al Jazeera
Al Jazeera
Politics
Al Jazeera Staff

Trump says newly signed crypto law will establish ‘American dominance’

Donald Trump Crypto Joe Biden United States Cryptocurrency the White House
President Donald Trump holds up the signed document after signing the 'GENIUS Act' in Washington, DC [File: Evan Vucci/AP Photo]

Washington, DC – United States President Donald Trump has signed into law new cryptocurrency legislation that advocates say represents a watershed moment for the industry.

Speaking from the White House on Friday, the US president hailed the GENIUS Act, which establishes regulations and consumer protections for stablecoin, a type of cryptocurrency whose value is linked to a fixed currency or commodity.

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