US House Sends 'Genius Act' Stablecoin Bill to Trump
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The GENIUS Act is likely to be signed into law on Friday and is set to change how stablecoin issuers operate both in the US and overseas.
Backers of the Genius Act, a potentially landmark bill that could help "stablecoins" go mainstream, say it would greatly speed electronic payments.
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Cryptopolitan on MSNCrypto market inches closer to $4 trillion, surpassing December highsCrypto market nears $4 trillion as Bitcoin, Ethereum, and XRP surge amid U.S. House passage of key crypto bills and growing investor optimism.
The U.S. House of Representatives will deliberate on two key pieces of legislation during Crypto Week: the Genius Act and the Clarity Act. Here's what you need to know.
After clearing a procedural hurdle in the House of Representatives by a 215-211 vote on 16 July, the GENIUS Act now heads to floor debate, having already secured bipartisan Senate
The House of Representatives passed to go ahead with key crypto legislation on July 16, which sent the crypto market rallying. Bitcoin was trading at $119,507.85 as per Kraken's price feed.
XRP jumps 6% after the House advances the GENIUS Act, boosting Ripple’s RLUSD strategy and bringing new regulatory clarity.
U.S. stablecoin regulation ensuring consumer protection, financial stability, and global financial influence. Learn about issuer requirements, reserve rules, and its impact on international transactions.
The House of Representatives today approved GENIUS, clearing the way for stablecoin act to go to President Trump for signature. It also passed CLARITY market structure legislation, sending it to the Senate.
The recently-passed GENIUS Act would establish a federal framework for regulating stablecoins. The benefits are immense: Besides creating a regulatory environment for an asset, a formal regulatory reg