#StablecoinLaw WASHINGTON, July 18 (Reuters) - The President of the United States, Donald Trump, signed a law on Friday to create a regulatory framework for cryptocurrencies linked to the dollar, known as stablecoins, a milestone that could pave the way for digital assets to become a commonplace method of making payments and transferring money.

The bill, called the GENIUS Act, was approved in the House of Representatives by a vote of 308 in favor and 122 against, with support from nearly half of the Democrats and the majority of Republicans. It had previously been approved by the Senate.

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The law is a major victory for cryptocurrency supporters, who have long pushed for such a regulatory framework in an effort to gain greater legitimacy for an industry that began in 2009 as a digital wild west famous for its innovation and speculative chaos.

"This signing is a huge validation of your hard work and pioneering spirit," Trump said at a signing event attended by dozens of government officials, cryptocurrency industry executives, and lawmakers. "It's good for the dollar and for the country."