The Surprising Purpose Of The GENIUS Act: Far Beyond Crypto Regulation, Says ...
When President Donald Trump signed the GENIUS Act into law this past July, it marked a significant moment in the US legislative landscape, often heralded as the first comprehensive crypto bill aimed at fostering the growth and adoption of digital assets. However, a recent analysis raises questions about the true purpose of this legislation, suggesting […]
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The Senate revived the GENIUS bill on Monday, after a procedural vote put the bill on track to receive the green light. Altcoins like Best Wallet Token could catch steam as a result. GENIUS was initially rejected by the democrats two weeks ago due to concerns relating to Donald Trump’s ‘crypto dealings.’ Dem Senator, Elisabeth […]
The United States Treasury Department has opened a request for public comment on the implementation of the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act. The GENIUS Act, signed into US law in July, was designed to provide a regulatory framework for stablecoin issuers. This latest call for public input comes exactly a […]
The genius invention of the 21st Century is Bitcoin, not because it is a Peer 2 Peer network or distributed ledger technology. No, it is because Bitcoin gave us the first real computer science breakthrough in decades, maybe ever. The real genius is programmable money - cryptocurrencies. Each time you download the Bitcoin open source code or forked derivations of it, including Ethereum, you get your own altcoin. Most importantly is the opportunity to programme and connect with the world in new and exciting ways. Primary uses. Today there are at least 800 cryptocurrencies, and within five....
On Tuesday, the Senate achieved a significant milestone in cryptocurrency regulation by passing the GENIUS Act, a landmark bill that sets the first federal standards for stablecoins. The legislation, which secured a 68-30 vote, creates a regulated pathway for private companies to issue digital dollars under the federal government’s oversight. New Era For Stablecoin Regulation […]
The US Treasury Department is putting the GENIUS Act into action with a 60-day comment period to gather ideas on detecting illicit crypto activity. By establishing a stablecoin framework and seeking input, the Treasury is working to shape the Web3 sector. Under Trump, their ultimate ambition is to bolster crypto innovation safely. Such regulatory clarity […]