Trump signs GENIUS Act, 1st federal law regulating crypto
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Executives at five of the largest US banks shared their plans for stablecoin as regulations passed by Congress head to the White House.
Trump signs GENIUS Act into law after tumultuous crypto week as Bitcoin maintains $119K support with flag pattern targeting $181K breakout.
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 GENIUS Act prompted Ripple and Circle to apply for U.S. bank charters as Congress cleared new stablecoin regulations.
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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.'
Two of the legislations — the GENIUS Act and the CLARITY Act — were passed with significant bipartisan support.
The House is voting on a trio of bills intended to boost the legitimacy of the cryptocurrency industry with new regulations