President Trump has signed the GENIUS Act into law, marking a significant regulatory milestone for the cryptocurrency industry. The act establishes a framework for stablecoins, digital currencies pegged to assets like the US dollar. The legislation outlines rules for stablecoin issuers, covering reserve requirements, bankruptcy procedures, and anti-money laundering obligations. Trump highlighted his support for the crypto industry, contrasting his stance with what he described as the Biden administration's antagonistic approach. CEOs from Coinbase and Tether were present at the White House signing ceremony.