Crypto Fans Encouraged – Los Angeles Business Journal
In the past few years, Los Angeles businesses have showed their support for cryptocurrencies by offering payment options in digital currencies such as bitcoin and ethereum.
One specific cryptocurrency, stablecoin, recently got a vote of confidence when President Donald Trump signed into law the Genius Act, which develops the first federal regulatory framework for cryptocurrencies.
Crypto market watchers, such as James Willliams, an attorney specializing in cryptocurrency for Century City-based Manatt, Phelps & Phillips, said the law is a gamechanger.
“It removed uncertainty,” Williams said of the Genius Act. “It will bring clarity for main street retail users and businesses, not just the global financial elites. Merchants will…
