President Trump will sign a new cryptocurrency bill into law
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Congress, GENIUS and Stablecoin
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Nik Bhatia, Founder of The Bitcoin Layer and an Adjunct Finance Professor at USC Marshall School of Business, reacts to the passing of the crypto 'Genius Act' bill by the White House.
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,
The GENIUS Act is likely to be signed into law on Friday and is set to change how stablecoin issuers operate both in the US and overseas.
Europe and the U.S. have acted to regulate Stablecoin issuers and service providers. Could this provide a boost for UK and European fintechs working in the sector?
The stablecoin regulation bill looked dead in the water on Tuesday, but Trump now indicates progress. Adjacent stocks like Circle are reacting.
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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.'