Trump signed into law the GENIUS Act on Friday – a landmark piece of legislation that establishes federal regulations surrounding digital currency.

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.

The House of Representatives passed the GENIUS Act, making it the first major piece of federal legislation to regulate stablecoins.

President Donald Trump signed the GENIUS Act into law today, marking a milestone in his administration's push to establish the United States as the global

If passed, the Crypto Week legislation could lead to new ways to use the currencies, corporate adoption, and institutional investment.

"This could be perhaps the greatest revolution in financial technology since the birth of the internet itself," Trump said in the signing ceremony. "A lot of people are saying that. What do you guys think?

GENIUS Act, Anti-CBDC Act, and CLARITY Act pass procedural vote 215-211 in Congress after Trump's Oval Office intervention.

After clearing a procedural hurdle in the House of Representatives by a 215-211 vote on 16 July, the GENIUS Act now heads to floor debate, having already secured bipartisan Senate