Trump approves stablecoin legislation with GENIUS Act
In a significant development for the cryptocurrency sector, President Donald Trump and Congress have rolled out new regulations this week focusing on stablecoins, which are cryptocurrencies pegged to tangible assets like the US dollar. They passed and signed a new legislation referred to as the Genius Act. What are Stablecoins? Stablecoins represent a growing niche […]
US Lawmaker raises concerns about the GENIUS bill, calling it a hidden CBDC threat
US Representative Marjorie Taylor Green has expressed concerns that the newly proposed stubcoin bill may serve as a “backdoor” for the government to effectively deploy a central bank digital currency (CBDC), masking it as privately issued crypto tokens. She pointed out that regulated stubcoins possess “functional surveillance capabilities” and are virtually indistinguishable from CBDCs. In […]
Trump signs the ‘GENIUS Act’ into law, describing it as the ‘biggest change in financial technology’
President Trump Signs Stablecoins Act into Law President Donald Trump has signed the Guidelines and Establishment of US National Innovation Stablecoins (Genius) Act into law, a move that establishes a regulatory framework for stablecoin payments in the United States. This legislation was officially enacted on a Friday, and it aims to provide clarity on how […]
Trump signs significant cryptocurrency legislation, the GENIUS Act, into law
New Regulations for Stablecoins Signed Into Law The recently implemented “Genius Act” establishes new regulations for entities issuing stablecoins. These digital currencies are designed to maintain a value pegged to stable assets, like the US dollar. The new rules outline who can issue stablecoins, the requirements for maintaining reserves, protocols in the event of bankruptcy, […]
Crypto market valuation exceeds $4 trillion following the historic GENIUS Act legislation
Crypto Market Surpasses $4 Trillion Mark The overall value of cryptocurrencies has climbed past $4 trillion for the first time, a shift that follows significant new regulations for the industry. This rise coincided with President Trump’s signing of new legislation on Friday, marking the first federal law aimed at regulating stablecoins, a type of cryptocurrency […]
GENIUS Act is enacted as Trump signs cryptocurrency regulations
Trump Signs Groundbreaking Stubcoin Law President Donald Trump signed a new law on Friday aimed at establishing federal regulations for digital currencies, particularly focusing on stablecoins, which are intended to offer price stability by being linked to stable assets like gold or the US dollar. Before the bill was signed, Trump reminded everyone of his […]
Trump to sign significant crypto legislation, the GENIUS Act, during a White House event.
Trump to Sign Cryptocurrency Regulation Bill Washington – President Trump is set to sign a significant bill regulating cryptocurrency on Friday, following its passage in the House, despite some conservative opposition. The legislation, dubbed the Genius Act, marks a key step in establishing a regulatory framework for the $250 billion stablecoin market. Stablecoins are seen […]
Trump’s Endorsement of the GENIUS Act Boosts Bitcoin and Crypto Stocks After a Small Setback
Trump Pushes for Genius Act Amid Crypto Market Movements President Donald Trump expressed optimism about overcoming significant procedural challenges on Wednesday, following a setback with the stubcoin bill the day prior. Bitcoin’s value has surged past $119,000, while shares of cryptocurrency companies like Circle and Coinbase have seen gains in recent trade. Trump mentioned that […]
Seven House Republicans stop GENIUS Act with Epstein documents amendment, as MTG claims it would give Democrats control over the House floor.
House Votes on Defense Budget and Cryptography Bills The House recently voted on the Procedural Rules and the Defense Budget Bill, which set the stage for discussions around the Discussion and Genius Act, including two key cryptography measures: the Clarity Act and the Anti-CBDC Observation National Act. While the House aimed to advance these measures, […]
John Czwartacki: Giving Up on Open Banking Now Would Diminish the Promise of the Genius Act
The Genius Act and the Importance of Open Banking The recent bipartisan approval of the Genius Act aims to secure the US dollar’s position in the evolving digital economy. It focuses on fostering American financial innovation, closing regulatory gaps, protecting consumers, and setting a clear regulatory framework. However, there’s a significant challenge ahead. If robust […]