Trump, GENIUS Act
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President Donald Trump signed the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act into law amid much fanfare on July 18. Passed by the Senate on June 17 and the House on July 17, it is the first major crypto-related legislation to become a law in the U.S.
Donald Trump signed the GENIUS Act to back stablecoins with assets, but sparked laughs by seemingly calling himself a 'dummy'