“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.

The executive order would accelerate Trump’s push to bring crypto investments to the mainstream, after his administration has dropped prominent enforcement actions against large digital asset-trading ...