Nik Bhatia, Founder of The Bitcoin Layer and an Adjunct Finance Professor at USC Marshall School of Business, reacts to the passing of the crypto 'Genius Act' bill by the White House.

President Donald Trump signed this week the GENIUS Act, a bill that will regulate a form of cryptocurrency called stablecoins. The move to regulate the crypto industry has been bipartisan, but Trump’s private crypto endeavors complicated the Congressional process.