Archive: https://archive.today/Tt6sP
From the post:
>After a frantic back-and-forth over the nation's most significant crypto legislation to-date President Donald Trump got Republicans in line to pass a first-of-its-kind law.
The House OK'd the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act and the The Digital Asset Market Clarity (CLARITY) Act on Thursday, both with bipartisan support.
The GENIUS Act will create a regulatory framework for stablecoin payments.
Stablecoins are cryptocurrencies that are backed 1:1 with an asset, like a U.S. dollar or European euro. The global stablecoin industry has exploded in recent years, reaching a total market size of roughly $250 billion, up from $130 billion just two years ago.
Archive: https://archive.today/Tt6sP
From the post:
>>After a frantic back-and-forth over the nation's most significant crypto legislation to-date President Donald Trump got Republicans in line to pass a first-of-its-kind law.
The House OK'd the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act and the The Digital Asset Market Clarity (CLARITY) Act on Thursday, both with bipartisan support.
The GENIUS Act will create a regulatory framework for stablecoin payments.
Stablecoins are cryptocurrencies that are backed 1:1 with an asset, like a U.S. dollar or European euro. The global stablecoin industry has exploded in recent years, reaching a total market size of roughly $250 billion, up from $130 billion just two years ago.
(post is archived)