President Donald Trump on Friday signed the GENIUS Act into law, in a major milestone for the crypto industry and the president’s stated goal of reshaping American crypto policy.

Bitcoin price, XRP and other cryptos have seen big gains this week. The crypto industry notched its first major crypto regulatory win in the U.S. late Thursday.

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

President Trump on Friday signed into law the GENIUS Act, the first-ever federal legislation to regulate stablecoins.

President Donald Trump signed the GENIUS Act, which regulates dollar-based digital tokens called stablecoins and the first major law governing digital currency.

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

President Trump said the crypto industry was once “mocked and dismissed and counted out,” but now could become a big buyer of U.S. government debt.

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 largest would-be profiteer, if they even exist, could be worth $135 billion. But plenty of others including the president enjoyed a nice boost.

Cryptocurrency has gained a hold in Americans’ investment portfolios and their retirement accounts — and now it’s a step closer to their wallets for everyday use.

Some industry watchers point to an imminent Bitcoin correction, despite US lawmakers passing three key bills to provide more clarity for the cryptocurrency industry.

The Trump administration is actively exploring a de minimis tax exemption for Bitcoin transactions to eliminate barriers to everyday Bitcoin and crypto use,