Trump signs First major federal cryptocurrency bill 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.
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,
Bitcoin and Ethereum have performed very differently this year. Bitcoin has continued to reach new all-time highs. Ethereum has barley budged as investors try to understand if the network's use case can stand the test of time.
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President Trump makes a joke about autopens while signing the landmark GENIUS Act into law, a new bill aimed at regulating cryptocurrency.
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