“The Genius Act creates a clear and simple regulatory framework to establish and unleash the immense promise of dollar-backed stablecoins,” Trump said Friday at a White House ceremony.

President Donald Trump on Friday will sign into law a new set of regulations for a type of cryptocurrency that are seen as a way to legitimize the burgeoning industry.

Two major pieces of legislation are headed to President Trump's desk. The House approved Mr. Trump's request to claw back billions of dollars in foreign aid and public broadcasting, and passed a historic cryptocurrency regulation bill.

The House gave final approval to President Donald Trump’ s request to claw back about $9 billion for public broadcasting and foreign aid early Friday as Republicans intensified their efforts to targe...

Sen. Tammy Baldwin, D-Wis., unsuccessfully sought to take out the public broadcasting cuts.