Crypto, GENIUS and Congress
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Trump signed into law the GENIUS Act on Friday – a landmark piece of legislation that establishes federal regulations surrounding digital currency.
The House of Representatives voted to regulate digital currencies and protect their owners on Thursday during what many lawmakers called "crypto week." The House voted 308-222 to approve the Guiding and Establishing National Innovation for U.
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New York Magazine on MSNCongress Just Injected Crypto Into the Most Stable Part of the U.S. EconomyT here would be a great irony if cryptocurrency — which was created in 2008 to provide an alternative to the mainstream financial system that had just failed — led to another economic crash. But that is what a handful of experts fear could happen now that Congress has passed the GENIUS Act, a major piece of crypto legislation.
In a landmark victory for the crypto industry, President Donald Trump signed the GENIUS Act into law, establishing a regulatory framework for a type of digital currency known as stablecoins.
President Trump is signing the country's first major legislation aimed at regulating cryptocurrency on Friday.
A drama-filled week in DC saw Democrats accuse Republicans ceding Congress' power to Trump and a curveball involving Jeffrey Epstein.
The House approved a Trump administration plan to rescind $9 billion in previously allocated funds, including $1.1 billion for the Corporation for Public Broadcasting.
Backers of the Genius Act, a potentially landmark bill that could help "stablecoins" go mainstream, say it would greatly speed electronic payments.
President Donald Trump took a victory lap after Congress formally passed his measure to claw back $9 billion in previously approved funding, including $1.1 billion for PBS and NPR — which public media execs have said could force dozens of local stations to shut down.
Bills were filed in January in the U.S. Senate and U.S. House to make daylight saving time permanent. Since then, though, no action has been taken.