Trump signs stablecoin law
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Executives at five of the largest US banks shared their plans for stablecoin as regulations passed by Congress head to the White House.
The GENIUS Act, the first federal regulation in this regard, was passed by the US Senate in June and by the House of Representatives on Thursday when the House also passed the Digital Asset Market Clarity Act and the Anti-Central Bank Digital Currency Surveillance State Act, both of which still need to be passed in the Senate.
The U.S. House of Representatives on Thursday passed a bill to create a regulatory framework for U.S.-dollar-pegged cryptocurrency tokens known as stablecoins, sending the bill to President Donald Trump,
Europe and the U.S. have acted to regulate Stablecoin issuers and service providers. Could this provide a boost for UK and European fintechs working in the sector?
Stablecoin adoption is on the rise. As Crypto Week kicks off in Washington, BofA flags four corners of the market that could benefit from the boom.
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Technology Technology The Big Story Trump seals the deal on stablecoin bill President Trump signed the first major cryptocurrency bill into law Friday, marking a key
Some of the U.S.'s biggest banks are working on ways to capitalize on the stablecoin market's rapid growth, according to several second-quarter post-earnings calls.