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

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."