#StablecoinLaw The bill, dubbed the GENIUS Act, passed by 308 to 122, receiving support from nearly half the Democratic members and most Republicans. The law is a huge win for crypto supporters, who have long lobbied for such a regulatory framework in a bid to gain greater legitimacy for an industry that began in 2009 as a digital Wild West famed for its innovation and speculative chaos.

"This signing is a massive validation of your hard work and pioneering spirit," said Mr. Trump at a signing event that included several crypto executives