President Donald Trump signed the landmark GENIUS Act into law on Friday afternoon, capping a tumultuous "Crypto Week" that saw Bitcoin navigate significant volatility before establishing new institutional legitimacy.
GENIUS Act has passed the U.S. House, establishing federal stablecoin regulations and the first federal framework for USD-pegged stablecoins. Executives from Ondo Finance, Bitpanda, and Gluwa view the passage as a shift in the policy environment representing a new regulatory era.
GENIUS Act has been signed into law by President Trump following House passage after initial failure. The legislation establishes federal oversight for stablecoins with 1:1 reserve backing requirements, introduces licensing pathways for issuers, and places oversight with prudential regulators.
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