AssetID: 54926218
Headline: UNCAPTIONED: US Passes Landmark Crypto Law, Backed by Trump
Caption: US Passes Landmark Crypto Law, Backed by Trump. In a major win for the crypto industry, US lawmakers have passed the country's first national cryptocurrency legislation, marking a turning point for the once fringe financial sector. The new law—called the Genius Act—sets up federal regulation for stablecoins, digital currencies backed by reliable assets like the US dollar. The bill passed the House on Thursday after clearing the Senate last month. President Donald Trump, now a supporter of crypto, is expected to sign it into law on Friday. Once skeptical, Trump has shifted his stance as the industry poured millions into campaign support and built ties with his businesses. Backers say the legislation will bring clarity to crypto regulation and help the US compete in the evolving digital payments space. Instructions: THIS VIDEO MUST NOT BE EDITED FOR LENGTH TO COMBINE WITH OTHER CONTENT
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