‘Named it after me’: Trump signs GENIUS Act; calls it ‘hell of an act'

President Trump signed the "Guiding and Establishing National Innovation for US Stablecoins Act," or GENIUS Act, into law, aiming to regulate payment stablecoins and foster financial innovation. Trump hailed the move as cementing American dominance in the digital currency space, acknowledging the crypto community's resilience. Treasury Secretary Scott Bessent praised the law, emphasizing its role in securing the U.S.

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