Trump Signs GENIUS Act, Ending Biden-Era Crypto Probes and Backing Industry Titans
President Donald Trump signed a significant piece of cryptocurrency legislation into law on Friday, marking a pivotal moment in the digital asset industry’s regulatory journey.
In a ceremony held at the White House, Trump signed the GENIUS Act into law, marking the week’s culmination of crypto-focused policymaking.
Crypto advocates believe the measure will encourage broader acceptance of digital assets in the U.S. by offering long-awaited clarity around regulation, Al Jazeera reports.
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The industry has long argued that vague laws have discouraged mainstream participation and innovation.
However, critics are raising red flags.
Some point to the Trump family’s business connections to World Liberty Financial, a firm that …
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