With the name of Guiding and Establishing National Innovation for U.S. Stablecoins Act, or the GENIUS Act, the bill lays out standards for stablecoins, a kind of digital currency pegged to the U.S.

U.S. President Donald Trump speaks on the balcony of the White House in Washington, D.C., the United States, on July 4, 2025.

China urges the United States to abide by the one-China principle and the three China-U.S. joint communiqués, and stop ...