Washington DC, July 18 -- US President Donald Trump on Friday (local time) signed into Law S. 1582 GENIUS Act.

The Act aims to regulate payment stablecoins.

The White House in an official statement said, "On Friday, July 18, 2025, the President signed into law: S. 1582, the "Guiding and Establishing National Innovation for U.S. Stablecoins Act" or "GENIUS Act," which provides for the regulation of payment stablecoins, and for other purposes."

Addressing the audience while signing the Act, Trump jested, "The GENIUS Act -- they named it after me. This is hell of an act!"

The GENIUS Act is a historic piece of legislation that aims to pave the way for the United States to lead the global digital currency revolution.

Trump recognised the ...