Trump vows to make US ‘crypto capital of the planet,' signs GENIUS Act into law

President Donald Trump signed into law the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act Friday — a landmark piece of legislation that establishes federal regulations surrounding digital currency. 

Trump recalled ahead of signing the bill how he previously vowed to make the U.S. the "crypto capital of the planet" during a keynote address during a bitcoin conference in Nashville, Tennessee, in July 2024, where he said that regulations his administration would...