House passes historic crypto bill, GENIUS Act
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President Trump signed the country's first major legislation aimed at regulating cryptocurrency on Friday, hailing "the exciting new frontier" for the technology.
Trump signed into law the GENIUS Act on Friday – a landmark piece of legislation that establishes federal regulations surrounding digital currency.
President Donald Trump on Friday signed the GENIUS Act into law, in a major milestone for the crypto industry and the president’s stated goal of reshaping American crypto policy.
Backers of the Genius Act, a potentially landmark bill that could help "stablecoins" go mainstream, say it would greatly speed electronic payments.
House Republicans promoted this week as the latest step for the U.S. to become the “crypto capital of the world.”
GENIUS Act, Anti-CBDC Act, and CLARITY Act pass procedural vote 215-211 in Congress after Trump's Oval Office intervention.
The bills aim to define Bitcoin as a commodity, block a Federal Reserve issued CBDC, and regulate stablecoins while protecting decentralized assets.
The US House advances debates on key US crypto legislation, including bills on stablecoins, digital asset oversight, and anti-CBDC measures.
Two of the legislations — the GENIUS Act and the CLARITY Act — were passed with significant bipartisan support.