President Trump will sign into law a new set of regulations for a type of cryptocurrency that are seen as a way to legitimize the industry.

President Trump signed the first major cryptocurrency bill into law Friday, marking a key milestone for an industry that has found a crucial ally in the president. He touted the GENIUS Act, which establishes a regulatory framework for dollar-backed digital tokens called stablecoins,

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President Donald Trump is slated Friday to sign the first major federal law governing cryptocurrency, a business that Trump's family have begun forging strong ties to and have promoted in recent years.

Technology Technology   The Big Story Trump seals the deal on stablecoin bill President Trump signed the first major cryptocurrency bill into law Friday, marking a key

President Donald Trump appeared to direct the attention toward him before signing a landmark bill into law on Friday. The legislation, named the GENIUS Act, is the first of its kind to govern a form of cryptocurrency. The law sets guardrails and consumer protection standards for stablecoins, which are tied to assets including the U.S. dollar.

Trump signed into law the GENIUS Act on Friday – a landmark piece of legislation that establishes federal regulations surrounding digital currency.

A Senate committee has approved a spending bill that would maintain protections for states with medical marijuana programs, while omitting a separate proposal included in the House version of the annual appropriations legislation that would prevent the Justice Department from rescheduling cannabis.

The GENIUS Act sets initial guardrails and consumer protections for stablecoins, a type of cryptocurrency that is tied to a stable asset like the US dollar to reduce price volatility.

The House is voting on a trio of bills intended to boost the legitimacy of the cryptocurrency industry with new regulations