
Can Stablecoins Really Stabilize U.S. Finance?
The GENIUS Act establishes U.S. stablecoin rules backed by Treasuries and aims to reinforce the dollar’s dominance. Can digital dollars truly stabilize finance?
My Global News: Voices of a New Era
π Stay Ahead, Stay Global π
The GENIUS Act establishes U.S. stablecoin rules backed by Treasuries and aims to reinforce the dollar’s dominance. Can digital dollars truly stabilize finance?
President Trump enacted the GENIUS Act to regulate dollar-pegged stablecoins, aiming to integrate digital assets into everyday payments and boost transparency.
The U.S. House passed the GENIUS Act by 308-122, setting the first federal rules for stablecoins. President Trump is poised to sign; two other crypto bills await Senate review.
US Congress is set to regulate stablecoins as their role in global finance grows, marking a pivotal shift for digital assets.
Bitcoin hits a record high of over $100,000, sparked by Donald Trump’s appointment of a crypto advocate to lead the SEC, raising questions on crypto regulation.