‘Genius’ move: What are the goals of the three US crypto bills?
US President Donald Trump has signed the Genius Act into law, setting the stage for greater cryptocurrency supervision in line with America’s aim to be the global leader in digital assets.
The bipartisan bill is one of three that had both Capitol Hill and crypto enthusiasts buzzing, as it would set the US up for the future of finance, while also being a legacy move for Mr Trump, who has gone from crypto sceptic to champion.
“The Genius Act could become a defining milestone for stablecoin policy. Moving stablecoins out of regulatory ambiguity won’t just enable institutional participation, it will require it,” said Omar Elassar, managing director of venture capital firm Animoca Brands Middle East.
The National reported that…
