BREAKING: President Trump Signs ‘GENIUS Act’ Making Crypto History

Description

On Friday, US President Donald Trump signed a landmark crypto bill into law aimed at establishing a regulatory framework for stablecoins. The legislation, known as the GENIUS Act, passed with a significant majority of 308 to 122, garnering support from nearly half of the Democratic representatives and a majority of Republican lawmakers. GENIUS Act Mandates Stablecoin Backing Under the provisions of the GENIUS Act, stablecoins must be backed by liquid assets, such as US dollars and short-term Tre...