After an extensive legislative fight, the “Guiding and Developing National Development for U.S. Stablecoins Act,” understood as the GENIUS Act, has been signed into law. This landmark legislation marks the creation of a detailed nationwide framework for payment stablecoins, intending to cultivate market growth while introducing steps to regulate its more volatile aspects.The bipartisan bill, championed by Senator Bill Hagerty, dealt with substantial hurdles in Congress, requiring strategic maneuvers to navigate opposing factions. The GENIUS Act revolutionizes the functional landscape for stablecoins within the United States, establishing stringent oversight and monetary standards.
Trump signs GENIUS Act into law – Stablecoins, crypto adoption, and more…
Sam Boolman | Crypto Enthusiast and Writer
Sam Boolman is a contributing writer at ChainIntel.org with a long-standing interest in cryptocurrency, blockchain technology, and emerging financial trends. A self-directed trader who actively invests his own capital, Sam follows the markets closely and brings a hands-on perspective to the fast-paced world of crypto journalism. With a background in business and digital media, Sam has written across a variety of sectors including tech, startups, and online finance. His curiosity and enthusiasm for the evolving digital economy fuel his exploration of Web3, decentralised finance, and market developments. Sam is passionate about making complex topics more accessible to everyday readers and continues to expand his knowledge through research, trading experience, and industry engagement.
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