Trump to sign landmark crypto bill, GENIUS Act
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Meanwhile, the move by Congress to pass the stablecoin legislation without attaching another piece of payments legislation, the Credit Card Competition Act, deals a blow to the chances for passage of the CCCA in the current Congress, observers say. “The avenues for CCCA are dwindling and it continues to face an uphill battle,” Talbott says.
Backers of the Genius Act, a potentially landmark bill that could help "stablecoins" go mainstream, say it would greatly speed electronic payments.
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Cryptopolitan on MSNCrypto market inches closer to $4 trillion, surpassing December highsCrypto market nears $4 trillion as Bitcoin, Ethereum, and XRP surge amid U.S. House passage of key crypto bills and growing investor optimism.
The GENIUS Act is likely to be signed into law on Friday and is set to change how stablecoin issuers operate both in the US and overseas.
The cryptocurrency industry spent more than $250 million in the last election to help crypto-friendly candidates run for Congress and the White House.
The U.S. House of Representatives will deliberate on two key pieces of legislation during Crypto Week: the Genius Act and the Clarity Act. Here's what you need to know.
The House of Representatives passed to go ahead with key crypto legislation on July 16, which sent the crypto market rallying. Bitcoin was trading at $119,507.85 as per Kraken's price feed.
After clearing a procedural hurdle in the House of Representatives by a 215-211 vote on 16 July, the GENIUS Act now heads to floor debate, having already secured bipartisan Senate
Crypto week kicks off on Capitol Hill, with lawmakers set to debate a handful of bills that sources say could have a big impact on the market.