Odaily Planet Daily News: US President Trump has officially signed the "GENIUS Act", marking the implementation of the first federal regulation related to crypto assets. The bill requires that stablecoins must be 100% reserved in US dollars or equivalent liquid assets, and annual audits must be conducted on issuers with a market value of more than US$50 billion, while formulating regulatory guidelines for overseas issuance. Executives from Circle, Tether, Coinbase and others attended the signing ceremony, and Trump said that this move will "establish the United States' dominance in global finance and encryption technology." (The Block)