Trump, GENIUS and crypto
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2hon MSN
Stablecoins , digital tokens pegged to traditional currencies like the US dollar — have become central to the cryptocurrency ecosystem. As their use grows, so does concern from regulators. The recently passed US “Genius Act” aims to bring oversight to the sector,
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Investor's Business Daily on MSNTrump Signs GENIUS Stablecoin Act, Crypto Week Scores Major WinsThe House on Thursday passed the CLARITY market structure bill for digital assets, GENIUS stablecoin bill, and an Anti-CBDC bill.
President Donald Trump on Friday signed the GENIUS Act into law, in a major milestone for the crypto industry and the president’s stated goal of reshaping American crypto policy.
Bitcoin price, XRP and other cryptos have seen big gains this week. The crypto industry notched its first major crypto regulatory win in the U.S. late Thursday.