The Republican-controlled House on Thursday passed landmark legislation to regulate stablecoin in a big win for the cryptocurrency industry.

Bitcoin and Ethereum have performed very differently this year. Bitcoin has continued to reach new all-time highs. Ethereum has barley budged as investors try to understand if the network's use case can stand the test of time.

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.

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President Trump makes a joke about autopens while signing the landmark GENIUS Act into law, a new bill aimed at regulating cryptocurrency.

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The US House on Thursday passed major bipartisan legislation that aims to regulate a type of cryptocurrency known as stablecoins, sending the bill to the president’s desk for his signature.

President Trump signed the first major cryptocurrency bill into law Friday afternoon, touting its landmark status. He hailed the GENIUS Act, which establishes a regulatory framework for

Cryptocurrencies are rounding into form. Bitcoin, the world's largest cryptocurrency by market cap, hit fresh all-time highs of more than $123,000 on July 14. The asset's run has also sent a jolt into Ethereum ( ETH 4.35%), which shot up to almost $3,500 per token on July 17 after having a difficult year so far.

Stellar Blade maker Shift Up is having to fight off hackers, as its X (or Twitter) account has been compromised and is promoting a cryptocurrency scam. The game’s director Hyung-Tae Kim has been communicating with fans on social media, urging them not to interact with anything the page posts.