Stablecoins Get a Big Boost After Congress Passes Genius Act. Here's What to Know.

Stablecoins get a big boost after Congress passes Genius Act. Here's what to know.

Backers of the Genius Act, a potentially landmark bill that could help "stablecoins" go mainstream, say it would greatly speed electronic payments.

House Moves to Ban Digital Currency Tool With Potential for Authoritarian Abuse

The House of Representatives is set to vote Tuesday on a digital currency bill that its supporters say could prevent potential future abuse of Americans’ financial freedom. The legislation, introduced by House Majority Whip Tom Emmer, R-Minn., is called the CBDC Anti-Surveillance State Act. “By passing the Anti-CBDC Surveillance State Act, we’re not only codifying another one of President [Donald] Trump’s executive orders, we’re also protecting …