Trump signs Genius Act into law
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President Trump signed the GENIUS ACT into law. What should you expect now that it has and who will be involved.
President Trump avoided questions from reporters about the swirling Jeffrey Epstein controversy Friday as he signed legislation to better regulate cryptocurrency to strengthen dollar-backed “stablecoins” that can be used for quick financial transactions.
This week, the House will vote on the GENIUS act, a bill to regulate stablecoins. Here's what that could mean for the future of asset-backed cryptocurrencies.
The GENIUS Act prompted Ripple and Circle to apply for U.S. bank charters as Congress cleared new stablecoin regulations.