GENIUS Act, Trump and Stablecoin
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Circle’s Dante Disparte says the GENIUS Act includes a “Libra clause” that prevents non-banks and major lenders from issuing stablecoins without strict oversight.
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Cryptopolitan on MSNMastercard says the GENIUS Act is a “turning point” for stablecoinFinancial services company Mastercard acknowledged the GENIUS Act as a “turning point” in stablecoin oversight and the broader integration of digital assets.
President Trump signed the GENIUS ACT into law. What should you expect now that it has and who will be involved.
Versan Aljarrah is predicting an incoming RLUSD and XRP dominance over Tether's USDT following the passage of the GENIUS Act
Executives at five of the largest US banks shared their plans for stablecoin as regulations passed by Congress head to the White House.
Trump signs GENIUS Act into law after tumultuous crypto week as Bitcoin maintains $119K support with flag pattern targeting $181K breakout.
Tether’s USDT is only 81.5% compliant with the GENIUS Act, per the Q2 reserves report. But Tether still has a 3-year window. The CEO recently stated that they’ll issue a new stablecoin focused on the U.S. market.
As Trump prepares to sign the law, Consumer Reports' senior director monitoring digital marketplaces, Delicia Hand, told Ars that the group plans to work with other consumer advocates and the implementing regulator to try to close any gaps in the stablecoin legislation that would leave Americans vulnerable.