Trump signs GENIUS Act, the first federal regulatory framework for stablecoins in the United States

Odaily News US President Trump has officially signed the GENIUS Act, marking the implementation of the first federal regulation related to crypto assets. The bill requires that stablecoins must be 100% reserved in US dollars or equivalent liquid assets, and that issuers with a market value of more than US$50 billion be subject to annual audits, while also formulating regulatory guidelines for overseas issuance. Executives from Circle, Tether, Coinbase and others attended the signing ceremony, and Trump said the move would establish the United States dominance in global finance and crypto technology. (The Block)