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.
The House of Representatives passed the GENIUS Act Thursday with bipartisan support, a month after it cleared the Senate. The bill, a key priority for the president, outlines specific regulations aimed at making a specific kind of digital currency called stablecoins more accessible and mainstream.
Over the last few years, Trump, once a crypto skeptic, has begun to tout himself as the most crypto-friendly commander in chief in U.S. history, and pushed for Congress to take up the issue on the campaign trail. The president, who launched his own crypto meme coin earlier this year, recentl