Trump Signs Law to Boost US Crypto and Stablecoins
TL;DR Summary
US President Donald Trump signed the GENIUS Act, establishing a regulatory framework for US-dollar-based stablecoins, which could boost their use in payments and finance, and potentially grow the market to $2 trillion by 2028. The law is seen as a victory for the crypto industry, though critics warn of insufficient anti-money laundering protections and potential risks to the US financial system.
- US: Trump signs law paving way for dollar-based stablecoins DW
- Trump vows to make US ‘crypto capital of the planet,' signs GENIUS Act into law Fox News
- Trump signs crypto bill into law as uproar over Epstein files continues The Washington Post
- The President Signed into Law S. 1582 The White House (.gov)
- ‘Put up or shut up’: Landmark win in Congress to test crypto's viability Politico
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