House passes historic crypto bill, GENIUS Act
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Experts say the legislation could unleash a tidal wave of new stablecoins—and fresh complaints about President Trump's crypto entanglements.
Bitcoin price, XRP and other cryptos have seen big gains this week. The crypto industry notched its first major crypto regulatory win in the U.S. late Thursday.
Two of the legislations — the GENIUS Act and the CLARITY Act — were passed with significant bipartisan support.
A legislative win in Congress, and the promise of more to come, has helped lift the prospects and the wealth of the cryptocurrency industry.
If passed, the bills could lead to new ways to use the currencies, corporate adoption, and institutional investment.
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Asianet Newsable on MSNCrypto Traders Appear To Be Shifting From USDT To USDC As US Prepares to Enact Stablecoin LawBlockchain data from Glassnode showed that on-chain value transferred using USDT dropped 20% in the last 24 hours, while USDC’s jumped by nearly 40%.
The GENIUS Act gives stablecoins real legal backing, paving the way for instant payments, lower fees, and a safer digital dollar you can actually trust.
Global crypto market has surged past the $4 trillion mark for the first time, amid GENIUS Act House Vote and 401K crypto investments ahead.