Trump signs stablecoin bill into law
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Rep. Marjorie Taylor Greene, a US Congresswoman representing Georgia, said that the GENIUS stablecoin bill creates the regulatory backdrop for a CBDC.
Technology Technology The Big Story Trump seals the deal on stablecoin bill President Trump signed the first major cryptocurrency bill into law Friday, marking a key
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Axios on MSNStablecoin regulation bill heads to Trump's deskDavid Sacks, President Trump's AI and crypto czar, speaks at the inaugural Pennsylvania Energy and Innovation Summit at Carnegie Mellon University on July 15 in Pittsburgh. Photo by Jeff Swensen/
Europe and the U.S. have acted to regulate Stablecoin issuers and service providers. Could this provide a boost for UK and European fintechs working in the sector?
Democrats have also raised concerns that the legislation opens the door for major corporations to issue their own private cryptocurrencies.
Bank of America CEO Brian Moynihan said the bank is exploring stablecoin initiatives, as Congress considers a bill that would allow private companies to issue their own.