Trump signs stablecoin law
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Coinbase chief executive Brian Armstrong believes that the signing of a stablecoin bill into law marks the beginning of a new financial era in the US.
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
Rep. Marjorie Taylor Greene, a US Congresswoman representing Georgia, said that the GENIUS stablecoin bill creates the regulatory backdrop for a CBDC.
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?
Democrats have also raised concerns that the legislation opens the door for major corporations to issue their own private cryptocurrencies.
Bank of America CEO Brian Moynihan said the bank is exploring stablecoin initiatives, as Congress considers a bill that would allow private companies to issue their own.