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Trump calls for the GENIUS Act to be passed quickly: the stablecoin law should be made available for signing as quickly as possible
US President Donald Trump urges rapid passage of the GENIUS Act for stablecoins US President Donald Trump has called on Congress to quickly move forward with the GENIUS Act. This draft law aims to create a legal framework for stablecoins to regulate their use and integration into the financial system. Stablecoins, digital currencies pegged to base currencies or other assets, are becoming increasingly important and often use blockchain technology. The introduction of the GENIUS Act could help create clearer regulations and thus increase trust in digital currencies. Trump said the bill should be submitted for his signature immediately, indicating the urgency...
Trump calls for the GENIUS Act to be passed quickly: the stablecoin law should be made available for signing as quickly as possible
US President Donald Trump is pushing for the rapid passage of the GENIUS Act for stablecoins
US President Donald Trump has called on Congress to quickly move forward with the GENIUS Act. This draft law aims to create a legal framework for stablecoins to regulate their use and integration into the financial system.
Stablecoins, digital currencies pegged to base currencies or other assets, are becoming increasingly important and often use blockchain technology. The introduction of the GENIUS Act could help create clearer regulations and thus increase trust in digital currencies.
Trump said the bill should be submitted for his signature immediately, indicating the urgency with which he wants to move forward with this regulation. If the GENIUS Act is passed quickly, it could have far-reaching effects on the financial sector and promote the growth of the digital currency market.
The discussion about stablecoins and their regulation is particularly relevant given the increasing use of cryptocurrencies and digital financial technologies. It remains to be seen how Congress will respond to Trump's request and what measures will be taken to ensure the integration of stablecoins into the existing financial system.