Cryptocurrency has gained a hold in Americans’ investment portfolios and their retirement accounts — and now it’s a step closer to their wallets for everyday use.

Bipartisan majorities back the first federal cryptocurrency measure to reach a president’s desk. It restricts the issuance of stablecoins to a set of authorized firms.

CNBC's Emily Wilkins from the White House on the Guiding and Establishing National Innovation for U.S. Stablecoins, known as the GENIUS Act, that President Trump is signing into law.

Coinage Media host and financial reporter Zack Guzman discusses what the GENIUS Act, signed into law Friday by President Trump, means for the cryptocurrency industry.

“The Genius Act, they named it after me,” Trump, 79, joked at the White House East Room ceremony attended by Republican congressmen, administration leaders like crypto czar David Sacks and industry figures — including the billionaire Winklevoss twins.

Ga., on why she voted against the GENIUS Act: “The Federal Reserve has been planning a CBDC for years and this will open the door to move you to a cashless

Two of the legislations — the GENIUS Act and the CLARITY Act — were passed with significant bipartisan support.

Backers of the Genius Act, a potentially landmark bill that could help "stablecoins" go mainstream, say it would greatly speed electronic payments.