Trump, Genius Act and cryptocurrency
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Two of the legislations — the GENIUS Act and the CLARITY Act — were passed with significant bipartisan support.
The House of Representatives voted to regulate digital currencies and protect their owners on Thursday during what many lawmakers called "crypto week."
Experts say the legislation could unleash a tidal wave of new stablecoins—and fresh complaints about President Trump's crypto entanglements.
Al Jazeera on MSN15h
US House sends crypto ‘GENIUS Act’ to Trump, in win for industry advocatesAdvocates hope House bills will bring decentralised currency into US mainstream as Trump pushes ‘crypto week’.
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The House of Representatives passed the GENIUS Act, which deals with stablecoin regulation, in a 308-122 vote on July 17.
Asianet Newsable on MSN20h
Trump Confident GENIUS Act Will Pass House, Eyes Friday SigningWhite House Press Secretary Karoline Leavitt also said that President Trump opposes the creation of a central bank digital currency.
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Cryptocurrency has gained a hold in Americans’ investment portfolios and their retirement accounts — and now it’s a step closer to their wallets for everyday use.
The price of the world’s largest crypto Bitcoin was wavering early Friday but was on a downward trend over the last few hours. It traded up 0.2% over the past 24 hours to $118,6
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.
As the Crypto Week gets underway, Donald Trump is urging all Republicans in the House to vote in favor of the GENIUS Act.
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