What is the GENIUS Act? Trump’s Crypto Law for Stablecoins Explained | Firstpost Tech & Trade | N18G
President Donald Trump has signed the GENIUS Act into law, making it the first U.S. federal legislation to regulate stablecoins. The law requires full reserve backing, monthly reserve disclosures, and strict rules to prevent misleading marketing. The move triggered a rally in digital assets, with Bitcoin surpassing $123,000 during the debate in the House, and the total cryptocurrency market capitalisation reaching $4 trillion. The White House says the legislation strengthens the U.S. dollar and enhances national security. Trump’s pivot to crypto regulation marks a significant policy shift, positioning the United States as a leader in digital asset oversight. Watch to know more.---
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