President Trump signed the GENIUS Act, which regulates stablecoins, facilitating their use as a means of payment.
Liviu Brăteanu
International
Credit: Anna Wilding / SplashNews.com / Splash / Profimedia
Always see our news on Google
The GENIUS Act, passed by Congress, regulates stablecoins, requiring them to be backed by liquid assets. Trump has said the measure will strengthen the dollar's status as a global reserve currency. Critics warn the law does not include sufficient anti-money laundering protections and allows foreign issuers to participate. The crypto industry could grow significantly and some US banks are considering expanding into the sector.
Sources
Latest News
14:03
The level of the Danube is alarmingly low, and the flow on the Borcea branch has reached 1,600 m³/s, affecting local communities and energy production.
13:50
Amendments to Law no. 61/1991: Romanians who organize noisy parties risk fines of up to 12,000 lei, regardless of the environment.
13:33
Strong earthquake of magnitude 4.7 near the city of Naples
13:20
FIFA President, Gianni Infantino, has abandoned the plan to sell some tickets for the World Cup.
See more news
NEWS ON THE SAME TOPICS
Personalized news feed, AI-powered search, and notifications in a more interactive experience.
