The Genius Act: a smart move for global payments?
Experts from the stablecoin industry discuss if new US law can live up to its name
On July 18, US president Donald Trump told a roomful of crypto company chief executives – many of whom were also donors to his 2024 election campaign – that he was taking “a giant step to cement American dominance of global finance and crypto technology”.
That afternoon, the president signed the Guiding and Establishing National Innovation for US Stablecoins (Genius) Act after it was passed in the House of Representatives in a bipartisan 308–122 vote. In a fact sheet, the White House said the
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