As Trump prepares to sign the law, Consumer Reports' senior director monitoring digital marketplaces, Delicia Hand, told Ars that the group plans to work with other consumer advocates and the implementing regulator to try to close any gaps in the stablecoin legislation that would leave Americans vulnerable.

Stablecoin legislation is on the way to President Donald Trump’s desk, helped by a North Carolina Democrat among 102 crossing the aisle.

President Trump is signing the country's first major legislation aimed at regulating cryptocurrency on Friday.

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.

Crypto assets rose in premarket trading as a result. Trading platforms Coinbase Global and Robinhood rose 2.2%, to $419.95, and 3.4%, to $108.97, respectively. Shares of Block, which earlier this year said it will launch bitcoin payments on Square, rose 1.5% to $71.81.

On Monday, Greene joined the MAGA blowback over how the Trump administration has handled the Jeffrey Epstein files, telling CNN’s Manu Raju that the FBI and DOJ’s flip-flops on the late child sex offender’s alleged “client list” were crossing a “red line.”

Democrats have also raised concerns that the legislation opens the door for major corporations to issue their own private cryptocurrencies.

Unlike more volatile cryptocurrencies, stablecoins are designed to hold their value and settle payments instantly, around the clock.