Reported about 9 hours ago
The House of Representatives has passed significant cryptocurrency legislation, including the GENIUS Act, which establishes a federal framework for dollar-backed stablecoins, sending it to President Trump's desk for approval. The measures aim to regulate digital assets and promote the U.S. as a leading hub for cryptocurrency, despite existing concerns over risks associated with stablecoins. Trump is also advancing his own interests in the crypto sector with new ventures, as major financial institutions express intentions to enter the stablecoin market, marking a shift in Wall Street's approach to digital assets.
Source: YAHOO