Reported 1 day ago
President Trump signed a significant bill establishing a federal framework for dollar-backed stablecoins, marking a victory for the crypto industry. The newly passed GENIUS Act, along with two other bills, prohibits central bank digital currencies and assigns oversight to regulatory bodies. Trump's administration is closely involved with cryptocurrencies, driving a wave of interest and competition in the landscape, with major financial institutions considering stablecoin initiatives.
Source: YAHOO