Trump to sign landmark crypto bill, GENIUS Act
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The House of Representatives passed the GENIUS Act, making it the first major piece of federal legislation to regulate stablecoins.
President Trump on Friday will sign the GENIUS Act into law, paving the way for a regulatory framework for payment stablecoins. The House voted 308-122 to advance the cryptocurrency legislation to
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.
The stablecoin bill, known as the Genius Act, and the crypto market structure bill, known as the Clarity Act, both received notable bipartisan support. Democratic lawmakers joined with Republicans to pass the stablecoin bill 308-122.
The U.S. Congress has passed the GENIUS Act, establishing the first federal regulatory framework for payment stablecoins,
Ga., on why she voted against the GENIUS Act: “The Federal Reserve has been planning a CBDC for years and this will open the door to move you to a cashless
Experts say the legislation could unleash a tidal wave of new stablecoins—and fresh complaints about President Trump's crypto entanglements.
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GENIUS Act will be 'very helpful' in providing trust around stablecoin: MARA CEOMARA CEO Fred Thiel discusses the impact of the GENIUS Act on the company, the 'rapidly maturing' crypto industry and U.S. energy policy during and interview on 'Mornings with Maria.'