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Trump signed the GENIUS Act, the first federal regulatory framework for stablecoins in the U.S.
U.S. President Trump officially signed the GENIUS Act, symbolizing the implementation of the first federal regulation on crypto assets. The bill mandates that stablecoins be backed 100% by U.S. dollars or equivalent liquid assets, and it requires issuers with a market capitalization exceeding 50 billion USD to undergo annual audits. Additionally, regulatory principles are being established for issuances made abroad. Trump stated that this step would "strengthen the United States' dominance in global finance and crypto technology."