Trump Wants GENIUS Costs Sent Straight to His Desk, Without Congressional Tweaks
Trump prompts the House to pass the GENIUS Act without hold-ups or modifications, calling for the bill to be sent out to his desk instantly after approval. Officially understood as the Guiding and Developing National Innovation for United States Stablecoins Act, the costs represents Congress’s first significant attempt to control stablecoins, which are crypto tokens pegged to the US dollar.
Source: Reality Social/@realDonaldTrump
GENIUS Act Deals With Analysis Over Trump’s Crypto Gains Ahead of Home Debate
Next, the House is expected to take up the step, with Republicans holding a narrow bulk. Sen. Mark Warner, who also raised concerns about Trump’s crypto endeavors, argued that the United States can not pay for to stay on the sidelines while other nations move forward with digital property policy.
With Support from Industry, Stablecoin Costs Moves Ahead Despite Regulatory Gaps
If the House passes the GENIUS Act, it would produce a federal licensing system for stablecoin issuers. They hope to prevent delays from drawn-out Congressional settlements or the danger of the bill being bundled with more controversial crypto legislation. The post Trump Wants GENIUS Expense Sent Straight to His Desk, Without Congressional Tweaks appeared initially on Cryptonews.
