US President Donald Trump signed the GENIUS Act into law, marking one of the first bills related to crypto and blockchain under his administration. SEC leaders Paul Atkins and Hester Peirce weighed in on stablecoins, emphasizing the importance of regulatory clarity and security for investors. Trump also summarized initiatives introduced since January, including pardoning Ross Ulbricht and establishing a national Bitcoin reserve.

The GENIUS Act was the first of three bills Republicans aimed to progress before Congress went on break. The House also passed the CLARITY Act and Anti-CBDC Surveillance State Act, which will now move to the Senate for consideration. Some Senate Democrats may raise objections over claims of personal benefits to Trump from the bills.

Trump’s involvement in the crypto industry has raised conflict of interest and insider trading questions, with his family-backed crypto business and personal memecoin. Despite pushback from some lawmakers, the House passed the bills with bipartisan support, suggesting potential challenges in the Senate vote.

Read more at cointelegraph.com: Crypto Execs Center Stage As Trump Signs Stablecoin Bill Into Law