GENIUS Act Sets Strict Limits on Big Tech and Banks in Stablecoin Market

GENIUS Act Sets Strict Limits on Big Tech and Banks in Stablecoin Market

Cointelegraph • 20 Jul 07:37

The recently passed GENIUS Act introduces strict oversight for stablecoin issuers, restricting major technology firms and banks from dominating the market and banning interest-bearing stablecoins. The legislation has drawn both support and criticism over its potential impact on innovation and investor behavior.

Trump Signs Stablecoin Bill as Crypto Adoption and Regulatory Developments Advance

Cointelegraph • 19 Jul 23:38

US President Donald Trump has signed the GENIUS Act, a major stablecoin bill, into law, while reports indicate a possible executive order to allow retirement funds to invest in crypto. Meanwhile, cryptocurrency use is growing among younger generations, and market volatility continues.

US Lawmakers and Crypto Advocates Raise Concerns Over GENIUS Stablecoin Bill

Cointelegraph • 19 Jul 22:15

The recently signed GENIUS stablecoin bill has sparked debate among lawmakers and crypto advocates, who warn that regulated stablecoins could function similarly to central bank digital currencies and enable increased government surveillance.

Congress Passes Landmark Crypto Legislation as Industry Eyes Further Regulatory Changes

NPR • 19 Jul 12:00

The U.S. Congress approved its first major cryptocurrency legislation, signaling a shift in federal policy and sparking debate over future regulation. President Trump signed the GENIUS Act into law, while the industry and critics prepare for further legislative battles.

Trump Signs Law Establishing Regulatory Framework for US Dollar-Based Stablecoins

DW • 19 Jul 04:05

President Donald Trump has enacted legislation creating a regulatory regime for US dollar-pegged stablecoins, aiming to integrate these cryptocurrencies into mainstream financial use. The law, known as the GENIUS Act, has drawn both industry praise and criticism over regulatory concerns.

Trump Signs GENIUS Act, Establishing Stablecoin Regulations

The Verge • 18 Jul 20:00

President Donald Trump has signed the GENIUS Act into law, creating the first major federal regulatory framework for stablecoins. The legislation drew bipartisan support and criticism, with concerns raised over consumer protections and potential conflicts of interest.

Bitcoin and Crypto Stocks Rise as Trump Signals Progress on GENIUS Act

Investopedia • 16 Jul 17:14

Cryptocurrency prices and related stocks climbed after President Donald Trump expressed confidence that the GENIUS Act, a bill to regulate stablecoins, would advance in the House following earlier resistance.