The White House has unveiled a detailed 168-page report providing recommendations for the regulation of digital assets, including stablecoins and a proposed crypto stockpile. This report, stemming from an executive order by President Trump, aims to create a regulatory framework that acknowledges the potential of blockchain technologies to transform financial systems.

The Senate passed the GENIUS Act, establishing federal regulations for U.S. dollar-pegged stablecoins and allowing private companies to issue digital dollars with government approval. While the bill faces challenges in the House, it represents a significant step for the crypto industry, which has heavily invested in pro-crypto lawmakers. Critics argue the legislation benefits President Trump's crypto ventures, as it does not prevent elected officials from profiting off digital assets.

President Donald Trump signed the GENIUS Act into law, establishing the first major regulatory framework for stablecoins in the U.S. The bipartisan support for the legislation signals a significant shift in the crypto industry's relationship with Washington, aiming to set clear rules for stablecoin issuers and pave the way for broader crypto regulation.

President Donald Trump intervened to help resolve a procedural snag in Congress regarding significant cryptocurrency legislation, which could greatly benefit the digital assets sector. A failed vote in the House had previously caused a decline in crypto firm shares, but Trump is now working with lawmakers to ensure the bills move forward.