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Trump says newly signed crypto law will establish ‘American dominance’
United States President Donald Trump has signed into law new cryptocurrency legislation that advocates say represents a watershed moment for the industry. Speaking from the White House on Friday, the US president hailed the GENIUS Act, which establishes regulations and consumer protections for stablecoin, a type of cryptocurrency whose value is linked to a fixed currency or commodity. The signing capped what Trump dubbed “crypto week”, as a total of three cryptocurrency bills made their way through the US legislature. In the end, only the legislation related to stablecoin landed on Trump’s desk Two other bills ... (full story)