SEC Declares Crypto Milestone With GENIUS Act Pushing Toward Trump’s Desk
2025-07-18 00:40:05
Main Idea
The SEC celebrates the GENIUS Act as a regulatory milestone for crypto innovation and stablecoin dominance, now awaiting President Trump's approval to provide legal clarity and risk mitigation for the crypto market.
Key Points
1. SEC Chairman Paul Atkins praised the GENIUS Act as a 'historic milestone' for crypto entrepreneurs and U.S. financial markets, crediting congressional leaders for advancing the bill.
2. The GENIUS Act aims to provide legal clarity for payment stablecoins, promoting transparency and risk mitigation while enabling safe innovation.
3. Supporters believe the act balances innovation with risk management, potentially positioning the U.S. as a leader in crypto development.
4. The bill is now awaiting final approval from President Trump after passing through Congress.
Description
The SEC is celebrating a regulatory revolution as landmark crypto legislation races toward final approval, promising sweeping clarity, innovation momentum, and stablecoin dominance for U.S. markets. SEC Hails Regulatory Breakthrough With GENIUS Act Awaiting Trump’s Sign-off U.S. Securities and Exchange Commission (SEC) Chairman Paul Atkins released a statement on July 17 following the passage of
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