The self-diagnosed “very stable genius” has, fittingly, signed into law the GENIUS Act, which introduces (very loose, industry-friendly) regulations for the operation of stablecoins—cryptocurrencies pegged to assets like the US dollar. During the press conference and signing ceremony for the bill, Trump got quite transparent about his relationship with the crypto community, telling them, “I […]
Trump’s Cabinet Is Cashing in on Crypto
Congress’s big “Crypto Week” might have faded into the background a bit due to cryptic messages Donald Trump left in a birthday note to Jeffrey Epstein, but Republicans in the House and Senate did, in fact, manage to pass a couple of laws that will establish loose, industry-friendly regulations for cryptocurrency. Which means it is […]
Crypto-Friendly GENIUS Act Fails Key Senate Vote as Dems Defect
In a rare occurrence, which may only last for a week, Democrats in the Senate showed some spine and voted down an important procedural vote on the GENIUS Act, a bill that would establish a (very weak) regulatory framework for the use of stablecoins. It was expected that the bill would get rubber-stamped, given the […]