As the Genius Act lands on the president’s desk, the California lawmaker says she’s concerned that “the rug will be pulled out from under the unsuspecting investors.”

Crypto executives poured millions into Trump’s campaign, and now he’s helping to make their priorities into law.

Crypto assets are soaring high in light of the U.S. government deciding to back and regulate it. The total market value of crypto assets surged past $4 trillion for the first time, driven by a rally in altcoins and momentum from a sweeping U.

The U.S. House on Thursday passed the first major piece of nationwide legislation to regulate cryptocurrencies, a move widely expected to bring the once-obscure payment technology further into the mainstream economy.

The House this week took up a trio of bills that would establish a federal framework for regulating the cryptocurrency industry. One of the measures cleared Congress and is on its way to enactment.

It was a remarkable win for the crypto industry — and for President Trump, who campaigned on making the country "the crypto capital of the planet."

Over 1 in 5 top Trump appointees reported investments in crypto and other digital assets, far more than previous administrations, a Post analysis found.