President Trump signs stablecoin bill, marking the establishment of the first comprehensive cryptocurrency regulation law in the U.S.

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## Historic Progress

On the 19th, President Trump signed the GENIUS Act (Stablecoin National Innovation Leadership Act), the first comprehensive regulatory bill related to cryptocurrency. At the signing ceremony at the White House, he emphasized it as a "huge step towards establishing the United States' dominance in global finance and cryptocurrency technology."

The GENIUS Act establishes a federal regulatory framework for the $250 billion stablecoin market. Stablecoins are positioned as relatively safe cryptocurrencies whose value is linked to the US dollar or government bonds.

The bill was overwhelmingly passed in the U.S. House of Representatives on the 18th by a vote of 308 to 122, receiving bipartisan support from 206 Republicans and 102 Democrats. It mandates full collateralization of stablecoins by U.S. dollars or equivalent liquid assets, and requires annual audits for issuers with a market capitalization exceeding $50 billion.

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