U.S. House Passes GENIUS Act to Regulate Stablecoins in Cryptocurrency
By
rbanffy
10mo ago· 3 min readenNews
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Summary
The U.S. House of Representatives passed the GENIUS Act, marking the end of the regulatory gray zone for cryptocurrency. The bill sets federal rules for stablecoins, bringing crypto into the American financial system.
Key quotes
· 3 pulledFor more than a decade, cryptocurrency lived in a regulatory gray zone.
The bill is expected to be signed into law by President Donald Trump.
The GENIUS Act brings crypto out of the shadows and into the American financial system.
The GENIUS Act brings crypto out of the shadows and into the American financial system.
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