The Stablecoin Bill at Hand, and the Restless Wall Street Bankers
"The green light is on," can traditional banks also buy Bitcoin now?
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Express News | U.S. President Trump officially signed the GENIUS Act.
With the implementation of the GENIUS Act, how should the narrative around stablecoins be approached with caution?
In the early morning of July 18, Beijing time, the U.S. House of Representatives passed three pieces of cryptocurrency-related legislation: the "CLARITY Act," the "GENIUS Act," and the "Anti-CBDC Surveillance National Act." On July 19, in Lingcheng, the "GENIUS Act" was signed by Trump as official law. This not only marks the first time the U.S. has established a national regulatory framework for stablecoins, but it also sends a clear signal that stablecoins are moving out of the gray area and into the fringes of the mainstream financial system. At the same time, major financial centers like Hong Kong and the European Union are also accelerating their efforts, leading to a reshaping of the global stablecoin landscape.
LIVE: Trump Signs The GENIUS Act Stablecoin Bill Into Law; Thanks Leaders Of Coinbase Global, Circle Internet Group, Tether, Visa, Rumble, Robinhood Markets And More Attending Signing
When cryptocurrency traders talk about stocks, and stock traders talk about Bitcoin.
The cryptocurrency community has ignited FOMO (fear of missing out) in the stock market, and the consensus has been rewritten by a different group.