The House of Representatives voted to regulate digital currencies and protect their owners on Thursday during what many lawmakers called "crypto week." The House voted 308-222 to approve the Guiding and Establishing National Innovation for U.

President Trump signed the GENIUS Act into law on Friday, establishing a regulatory framework for the roughly $250 billion cryptocurrency market known as stablecoin. Bo Hines, executive director of the President's Council of Advisers on Digital Assets,

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.