House passes historic crypto bill, GENIUS Act
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Two of the legislations — the GENIUS Act and the CLARITY Act — were passed with significant bipartisan support.
President Trump is signing the country's first major legislation aimed at regulating cryptocurrency on Friday.
The US Congress approved the first major national crypto legislation. This bill is expected to make sweeping changes in cryptocurrencies.
“Crypto Week,” as it was dubbed by GOP leadership, culminated in a bipartisan 308-122 House vote approving the GENIUS Act, a bill setting standards for stablecoins, which passed the Senate in June and which President Donald Trump is expected to sign into law Friday.
A legislative win in Congress, and the promise of more to come, has helped lift the prospects and the wealth of the cryptocurrency industry.
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Pressley Warns CLARITY Act Will Enable White House Crypto CorruptionRep. Ayanna Pressley strongly opposed the CLARITY Act, warning it would enable crypto corruption and benefit powerful insiders, including those in the White House, while everyday Americans face scams,
Web3 gaming faces regulatory hurdles in the U.S. as developers push for legal clarity and the CLARITY Act offers a path forward.
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CCN on MSN4 Crypto-Linked Stocks to Watch as the GENIUS Act Passes & the Stablecoin Market IgnitesThe GENIUS Act is the first federal legislation to regulate stablecoins, requiring full 1:1 backing, public reserve disclosures, and federal licensing. Stablecoins offer faster, cheaper,