Rep. Dan Meuser, R-Pa., told Newsmax on Monday that the cryptocurrency legislation signed into law last week will help the United States regulate “a very, very important industry” that is fast-growing worldwide.

President Donald Trump signed the GENIUS Act on Friday, the first major piece of legislation concerning cryptocurrency passed in the United States, which creates a framework for issuing stablecoins, which are a type of cryptocurrency that are linked to the value of the U.S. dollar.

Meuser told “Wake Up America” in an interview that cryptocurrency is “a very, very important industry … and there was a tremendous amount of uncertainty within the industry” due to a lack of regulations.

Read more at Newsmax© 2025 Newsmax. All rights reserved.