Trump calls on Republicans to support the Genius and Stable Act in this crypto week

Trump calls on Republicans to support the Genius and Stable Act in this crypto week

Trump calls for the support of the Genius Act and the Stable Act to

In the current crypto week, President Donald Trump asked his Republican allies to support the adoption of the Genius Act and the Stable Act. These two draft laws could have far -reaching effects on regulating cryptocurrencies in the United States.

The Genius Act aims to create a favorable environment for innovations in the field of blockchain technology and digital currencies. By creating clear guidelines and legal framework conditions, the development of new technologies is to be promoted and the protection of consumers is to be guaranteed.

The Stable Act, on the other hand, pursues the goal of regulating digital stable coins that are bound to Fiat currencies. This regulation could help promote financial stability and to minimize potential risks in the financial system.

Trump's call to support these draft law reflects the growing interest and the importance of cryptocurrencies in the political landscape of the United States. The support of these initiatives could not only influence the market for digital currencies, but also represent a decisive step towards a clearer regulation of the crypto sector.

The coming weeks will be crucial to see whether and to what extent the Republican legislators will react to Trump's suggestions.