Trump to sign landmark crypto bill, GENIUS Act
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Stablecoin issuers make profits by collecting the interest on the assets they hold in reserve to back their stablecoins. A provision in the GENIUS Act bans members of Congress and their families from profiting off stablecoins. But that prohibition does not ...
Trump signed into law the GENIUS Act on Friday – a landmark piece of legislation that establishes federal regulations surrounding digital currency.
President Donald Trump signed the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act into law amid much fanfare on July 18. Passed by the Senate on June 17 and the House on July 17, it is the first major crypto-related legislation to become a law in the U.S.
Trump signs the GENIUS Act, introducing the first federal stablecoin regulation with new requirements for issuers and compliance standards.
President Trump is signing the country's first major legislation aimed at regulating cryptocurrency on Friday.
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
President Donald Trump, speaking at a press conference on Friday, said that the GENIUS Act was ‘named after me’
The House of Representatives passed the GENIUS Act, making it the first major piece of federal legislation to regulate stablecoins.
As 'Crypto Week' comes to an end, here is why the GENIUS bill, which will establish a regulatory framework for stablecoins in the U.S., matters for crypto and the masses.
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.