It is the first piece of legislation to regulate the cryptocurrency industry to get signed into law in the U.S.

MARA CEO Fred Thiel discusses the impact of the GENIUS Act on the company, the 'rapidly maturing' crypto industry and U.S. energy policy during and interview on 'Mornings with Maria.'

The Genius Act passed in the House by a 308-122 vote after it was passed in the Senate last month with broad bipartisan support. The landmark legislation lays out the rules of the road for the $250 billion market for stablecoin,

With Ethereum sitting at the center of the GENIUS Act tailwind, stablecoin dominance, and growing institutional allocations, a push to $4k before Q3 close is increasingly looking like a base case.

In what's now officially the longest vote in the history of the U.S. House of Representatives, lawmakers stalled for over seven hours and 24 minutes Wednesday night over a cryptocurrency rule vote that nearly imploded under GOP infighting.

White House Press Secretary Karoline Leavitt also said that President Trump opposes the creation of a central bank digital currency.

Bitcoin and other major cryptocurrencies traded higher Wednesday after President Donald Trump said he expects the House to pass the GENIUS Act.