It was on July 18 that the U.S. President Donald Trump signed the GENIUS ACT, or Guiding and Establishing National Innovation ...
Warren, the top Democrat on the Senate Banking Committee, described the Guiding and Establishing Innovation for U.S. Stablecoins Act, known as the GENIUS Act — as a "light-touch regulatory framework ...
The U.S. Treasury Department issued a formal Request for Comment (RFC) to comply with the GENIUS Act, which regulates stablecoin issuers and digital assets. The RFC, announced on August 18, supports ...
A coalition of 125 crypto and fintech organizations delivered a forceful rejection of banking industry efforts to expand the ...
On July 18, President Donald Trump signed into law the boastfully named GENIUS Act. If the law wreaks havoc on the financial system, as seems highly likely, that name will become a grim joke: What ...