President Donald Trump is slated Friday to sign the first major federal law governing cryptocurrency, a business that Trump's family have begun forging strong ties to and have promoted in recent years.

However, as Congress moves on to debate a second bill that would create regulations around cryptocurrencies and exchanges, critics warn that the passage of stablecoin legislation

President Donald Trump on Friday signed the first major congressional overhaul of cryptocurrency rules into law, delivering on a campaign promise to boost digital asset firms and cementing the industry’s rise as a force in Washington.