Trump signs 1st major crypto bill, GENIUS Act
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The House is considering bills to provide regulatory clarity for cryptocurrency and the digital assets industry, including the GENIUS Act for stablecoins and the CLARITY Act.
Blockchain is the technology underpinning all cryptocurrencies, and many related products like non-fungible tokens (NFTs). In essence, it is a virtual spreadsheet on which all the buying and selling of crypto is recorded. They are arranged in blocks linked together in a giant chain - hence the name.
The House of Representatives today approved GENIUS, clearing the way for stablecoin act to go to President Trump for signature. It also passed CLARITY market structure legislation, sending it to the 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.
The OCC, Fed and FDIC issued a letter this week clarifying the rules governing crypto safekeeping, which emphasize proper management of cryptographic keys.
Stablecoins, a type of cryptocurrency designed to maintain a constant value, usually a 1:1 dollar peg, are commonly used by crypto traders to move funds between tokens.
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Bankrate on MSNWhat are stablecoins and how do they affect the cryptocurrency market?While they may seem safe, stablecoins present a number of risks to users and investors, and the GENIUS Act introduces regulation that reduces but does not fully eliminate the risk of stablecoins. Here’s how stablecoins work,
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Cryptopolitan on MSNCrypto week is here, what does it mean for stablecoin regulation?While it may be early to declare victory, all signs point to Trump signing a stablecoin measure into US law by August, a goal his aides have pursued since
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Cryptocurrency hasn't delivered on its promise to replace money. It's just created a new way to gamble.
(CRYPTOcurrency exchange) An online trading platform that is used to buy, sell and exchange cryptocurrencies. Exchanges convert fiat currency (dollars, Euros, etc.) to crypto (Bitcoin, Ethereum ...
The fate of long-awaited cryptocurrency legislation in the U.S. Congress was cast into doubt Tuesday, as a procedural vote to consider the measures was shot down by lawmakers from both parties, and shares of some companies in the sector fell.