The U.S. Senate Just Passed a Landmark Cryptocurrency Regulation Bill. Here's What Investors Need to Know.
On June 17, the U.S. Senate officially passed the Guiding and Establishing National Innovation for U.S. Stablecoins (Genius) Act, which will create a federal regulatory framework for stablecoins. The bill will now head to the House for review, with a final signature by President Donald Trump expected before the end of the summer.As might be expected, crypto market participants widely hailed the news, and stocks tied to stablecoins surged. Here's what you need to know.The Genius Act will become the first major piece of crypto legislation passed by the Trump administration, which came into office promising a huge overhaul of the crypto sector. Previous actions, such as creation of the Strategic Bitcoin Reserve, occurred only via executive order.Continue reading
On June 17, the U.S. Senate officially passed the Guiding and Establishing National Innovation for U.S. Stablecoins (Genius) Act, which will create a federal regulatory framework for stablecoins. The bill will now head to the House for review, with a final signature by President Donald Trump expected before the end of the summer.
As might be expected, crypto market participants widely hailed the news, and stocks tied to stablecoins surged. Here's what you need to know.
The Genius Act will become the first major piece of crypto legislation passed by the Trump administration, which came into office promising a huge overhaul of the crypto sector. Previous actions, such as creation of the Strategic Bitcoin Reserve, occurred only via executive order.
