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Trump Enacts Landmark Stablecoin Law, Bolstering US Dollar’s Digital Role

Trump Enacts Landmark Stablecoin Law, Bolstering US Dollar’s Digital Role

Trump Enacts Landmark Stablecoin Law, Bolstering US Dollar’s Digital Role In a significant move for the cryptocurrency sector, US President Donald Trump has signed into law a bill establishing a comprehensive regulatory framework for US dollar-backed stablecoins. This legislation, known as the GENIUS Act (Guiding and Establishing National Innovation for US Stablecoins), is poised to integrate these digital assets into mainstream financial transactions and payments. The bill received strong bipartisan support, passing the House of Representatives with a 308-122 vote…

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Trump Enacts GENIUS Act, Ushering in New Stablecoin Regulatory Era

Trump Enacts GENIUS Act, Ushering in New Stablecoin Regulatory Era

Trump Enacts GENIUS Act, Ushering in New Stablecoin Regulatory Era In a pivotal move for the digital asset sector, President Donald Trump has officially signed the GENIUS Act into law, establishing a comprehensive regulatory framework for stablecoins. This landmark legislation, designed to govern digital currencies whose value is pegged to traditional assets like the US dollar, marks a significant shift in the nation’s approach to cryptocurrency. The GENIUS Act outlines crucial provisions for stablecoin issuers, including mandates on who can…

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US Passes Landmark ‘Genius Act,’ Setting National Crypto Regulation

US Passes Landmark ‘Genius Act,’ Setting National Crypto Regulation

US Passes Landmark ‘Genius Act,’ Setting National Crypto Regulation In a significant move for the burgeoning cryptocurrency industry, the United States Congress has successfully passed the ‘Genius Act,’ marking the nation’s first comprehensive national legislation aimed at regulating digital assets. The bill, which establishes a clear regulatory framework for stablecoins, has been a major focus of industry lobbying efforts for years, with substantial financial backing from crypto firms influencing recent elections. President Donald Trump is anticipated to sign the ‘Genius…

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