Tom Shohfi, an associate professor of finance at the Mike Ilitch School of Business at Wayne State University, talks about President Trump's new GENIUS Act with FOX 2's Hilary Golston.

In a week in which Bitcoin hit a new high and the crypto market saw huge gains, the U.S. Congress has officially passed the GENIUS Act, its first national

President Trump on Friday signed into law the GENIUS Act, the first-ever federal legislation to regulate stablecoins.

The US crypto industry is celebrating as Congress passed three major bills in its “Crypto Week” legislative bonanza.

US President Trump is expected to sign the GENIUS Act into law on Friday, marking the first major crypto legislation. Chamber of Progress CEO and founder Adam Kovacevich joins Market Catalysts to discuss the legislation and what it means for the crypto space.

President Donald Trump is signing the GENIUS Act, which will regulate stablecoin cryptocurrencies, whose values are pegged to the U.S. dollar, at around 2:30 p.m. Friday. TRUMP STRIKES DEAL WITH GOP HOLDOUTS ON GENIUS ACT DURING ‘CRYPTO WEEK’ Trump needed to convince about a dozen Republicans to vote for the bill after they stalled it