Trump signs Genius Act into law
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The House of Representatives voted to regulate digital currencies and protect their owners on Thursday during what many lawmakers called "crypto week." The House voted 308-222 to approve the Guiding and Establishing National Innovation for U.
Experts say the legislation could unleash a tidal wave of new stablecoins—and fresh complaints about President Trump's crypto entanglements.
Movement on the crypto front at the federal level has the potential to usher in substantial change. Here's what it means for your portfolio.
Coinage Media host and financial reporter Zack Guzman discusses what the GENIUS Act, signed into law Friday by President Trump, means for the cryptocurrency industry.
Most entities now considering tapping into stablecoins amid the GENIUS Act’s passage say they would first use them for largely “back-end” purposes, like reducing fees paid by merchants to credit card companies or more easily converting currencies from cross-border payments.
US President Trump is expected to sign the GENIUS Act into law on Friday, marking the first major crypto legislation. Chamber of Progress CEO and founder Adam Kovacevich joins Market Catalysts to discuss the legislation and what it means for the crypto space.
The House of Representatives passed the GENIUS Act, making it the first major piece of federal legislation to regulate stablecoins.
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President Donald Trump is signing the GENIUS Act, which will regulate stablecoin cryptocurrencies, whose values are pegged to the U.S. dollar, at around 2:30 p.m. Friday. TRUMP STRIKES DEAL WITH GOP HOLDOUTS ON GENIUS ACT DURING ‘CRYPTO WEEK’ Trump needed to convince about a dozen Republicans to vote for the bill after they stalled it