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…