Trump hopes to sign new cryptocurrency legislation soon

U.S. President Donald Trump stated on Jan. 21 that he hopes to sign a cryptocurrency-related bill soon. Speaking at the World Economic Forum (WEF) in Davos, Switzerland, he recalled signing the Genius Act last year, which focused on stablecoins, to gain political support and counter China's lead in the sector. Trump added that Congress is currently drafting the CLARITY Act for crypto market structure and that U.S. policy has helped establish the nation as a global hub for digital assets.