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
00:32
Aleksandar Vucic acknowledges the student opposition’s victory in Serbia’s snap election
22:56
Germany will participate with aircraft in the first military exercise of the Coalition of the Willing for Ukraine, which will also partly take place in Romania
22:37
Alexandru Nazare, on the audit requested by Sorin Grindeanu at all ministries: “There is absolutely no problem, it is actually a joy”
22:23
Traian Băsescu claims that Sorin Grindeanu will control the government through Marian Neacșu, while Prime Minister Luca Niculescu could become the target of criticism
22:09
Tens of thousands of Czechs protested in Prague against the reform of public media funding
See more news
NEWS ON THE SAME TOPICS
International
Donald Trump appears on the new one-dollar coin from the USA / Stocks sold out within a few hours
International
Donald Trump calls those who use the term “artificial intelligence” instead of “Super Intelligence” “enemies”
Personalized news feed, AI-powered search, and notifications in a more interactive experience.
