US EditionTrump signs 1st major federal cryptocurrency bill into law
UNITED STATES, JUL 18 – The GENIUS Act mandates one-to-one dollar backing for stablecoins and includes consumer protections, with bipartisan support signaling a $264 billion market regulation milestone.
- This week, the U.S. House of Representatives passed the GENIUS Act, 308-122, with 102 Democrats supporting, and it now heads to President Trump’s desk for signing.
- Internal GOP opposition nearly derailed the bill on Tuesday, a dozen Republicans voted against it, prompting a late-evening White House intervention.
- The GENIUS Act requires stablecoins to be fully backed by low-risk reserves, providing certainty for issuers and users to facilitate mainstream adoption.
- It passed both chambers with wide bipartisan margins, and now heads to President Donald Trump’s desk for signing on Friday afternoon at the White House.
- Projected adoption surges beyond 600 million by year-end, as Nigel Green warns other regions must accelerate frameworks or risk falling behind.
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318 Articles
President Donald Trump passed on Friday a new law regulating a type of cryptocurrency, a major step for the sector that has invested massively to strengthen its legitimacy and political influence.
New Hampshire Union Leader
The Washington PostHouse passes first major regulation for crypto industry
The U.S. House on Thursday passed the first major piece of nationwide legislation to regulate cryptocurrencies, a move widely expected to bring the once-obscure payment technology further into the mainstream economy.
MyCentralOregon.com
Trump to sign 1st major federal cryptocurrency bill into law
Anna Moneymaker/Getty Images (WASHINGTON) — President Donald Trump is slated Friday to sign the first major federal law governing cryptocurrency, a business that Trump’s family have begun forging strong ties to and have promoted in recent years. The House of Representatives passed the GENIUS Act Thursday with bipartisan support, a month after it cleared the Senate. The bill, a key priority for the president, outlines specific regulations aimed a…
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