President Trump Signs GENIUS Act to Regulate Stablecoins; Humorously Notes 'They Named It After Me':

President Trump Signs GENIUS Act to Regulate Stablecoins; Humorously Notes 'They Named It After Me':

Daily Current Affairs   /   President Trump Signs GENIUS Act to Regulate Stablecoins; Humorously Notes 'They Named It After Me':

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Category : International Published on: July 21 2025

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President Donald Trump has signed into law the GENIUS Act, which provides a regulatory framework for stablecoins—cryptocurrencies pegged to assets like the U.S. dollar. With the act, both banks and non-bank entities, including credit unions, are now authorized to issue their own stablecoins. In a lighthearted remark, Trump joked, "They named it after me."

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