Today, President Donald J. Trump signed the GENIUS Act into law. This legislation aims to position the United States as a leader in the global digital currency sector.
President Trump supports the GENIUS Act because it aims to protect consumers from harmful activities in financial markets. The act also seeks to maintain the U.S. dollar's status as a global reserve currency by driving demand for U.S. Treasuries through stablecoins.
The GENIUS Act includes measures for regulating and registering stablecoin issuers, along with working with the Treasury Department on sanctions enforcement to combat illicit activity in digital assets.
This action aligns with President Trump's campaign promise to make America a leading force in cryptocurrency worldwide.
