Trump signs 1st major federal cryptocurrency bill into law

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President Donald Trump has signed the GENIUS Act, the first major federal law regulating cryptocurrency, with a focus on stablecoins—digital currencies tied to assets like the U.S. dollar. The bipartisan bill aims to boost public trust and mainstream adoption of stablecoins by easing rules for banks and issuers. Trump, who has embraced crypto in recent years and launched his own coin, called the law a step toward making the U.S. a global crypto leader. Critics, including Rep. Maxine Waters, warn of potential conflicts of interest due to Trump family ties to a stablecoin venture that may benefit from the law, ABC News has reported. Federal agencies now have six months to draft specific regulations. read more: 👍 Like this video to support informed debate on the future of cryptocurrency in the U.S. 💬 Comment below—Do you think the GENIUS Act strikes the right balance between innovation and oversight? 🔗 Share this video to help others understand the implications of the U.S.’s first major crypto law. 💰 Want to support the channel? You can donate directly by hitting the YouTube Thanks button. Your support helps us keep providing updates. 👉 Don’t forget to subscribe for more updates. Thanks for watching and supporting the channel. Links for B.C. Visit My Website Follow Me On Facebook / b.c.begley Subscribe To My Patreon / bcbegley Watch Me On YouTube / @b.c.begley6007 Follow Me On Twitter / bc_news1 Watch Me On Rumble Follow Me On Gab Follow Me On Truth Social Follow Me On BlueSky Watch Me On TikTok / bcbegley #GENIUSAct #CryptoRegulation #Stablecoins #shorts