Trump, Stable Genius Act and crypto bills
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House Republicans promoted this week as the latest step for the U.S. to become the “crypto capital of the world.”
Rep. Marjorie Taylor Greene, a US Congresswoman representing Georgia, said that the GENIUS stablecoin bill creates the regulatory backdrop for a CBDC.
Technology Technology The Big Story Stablecoin bill clears House in key crypto victory The House passed a bill setting up a regulatory framework for payment stablecoins,
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.