US Edition
Trump signs 1st major federal cryptocurrency bill into law
UNITED STATES, JUL 18 – The GENIUS Act requires stablecoin issuers to maintain 1:1 reserves and undergo monthly audits, creating a $250 billion federal market with bipartisan support but some Democratic criticism.
- President Donald Trump signed into law the GENIUS Act, new federal regulations for stablecoins, on Friday in Washington, D.C.
- This legislation follows the House passing two additional crypto bills Thursday that create a new market structure and ban a Federal Reserve digital currency.
- At a White House event with around 200 attendees, Trump praised cryptocurrency leaders and stated that supporting the crypto industry benefits both the U.S. dollar and the nation.
- The GENIUS Act passed both chambers with wide bipartisan support and sets monthly reserve disclosure requirements and consumer protections for stablecoins.
- This law marks a major step toward legitimizing the crypto industry and aligns with Trump’s goal to make the U.S. the world’s crypto capital.
429 Articles
429 Articles
The U.S. House has approved norms on cryptocurrencies, regulating stablecoins and blocking the digital dollar of the Fed. Bitcoin to the maxims, the institutional interest grows, but fears emerge for a parallel coinet controlled by the tech giants.In the United States, home of the cowboys, it is finally ...
Quite a big upheaval is expected in the financial world.
Trump Pledges to Prevent US Central Bank Digital Currency - The Thinking Conservative
CBDC will not be allowed in the Us, President Trump said at a White House event, promising to take legislative action to prevent such a situation. The post Trump Pledges to Prevent US Central Bank Digital Currency appeared first on The Thinking Conservative.
Gloucester Daily Times
The Daily News of NewburyportMass. lawmakers divided over new federal crypto rules
BOSTON — Members of the state’s all-Democrat congressional delegation are sharply divided over a federal overhaul of cryptocurrency regulations that has been criticized by some as a giveaway to Republican President Donald Trump and the burgeoning crypto industry.
The Dollar Gets a Clone: Congress Puts Crypto in a Collar
You know Washington’s finally noticed something when it stops trying to ban it and starts drafting laws about it. This week, the U.S. House of Representatives passed the GENIUS Act, a name so heavy-handed it might as well be stamped on a jar of...
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