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President Donald Trump has signed the GENIUS Act into law, setting new regulations for stablecoins, a type of cryptocurrency tied to assets like the U.S. dollar. The law, passed with bipartisan support, introduces consumer protections and aims to boost confidence in the crypto industry. On Friday, Mr. Trump called the move a step toward cementing U.S. dominance in global finance and crypto technology.听

In a bipartisan effort, Congress is moving to regulate cryptocurrencies for the first time. This could enhance the credibility of digital money and extend the dollar鈥檚 dominance with a new generation of currency.