Trump signs GENIUS Act: What does this mean for Crypto policy in India?
US President Donald Trump has made significant moves to establish crypto as a mainstream financial product. One of the key steps in this direction is the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act, which he signed into law this past Friday.
The bill was passed by the House of Representatives and the Senate in July with overwhelming bipartisan support. The signing ceremony was attended by the CEOs of top American crypto companies, including Coinbase, Circle, Tether, and Gemini.
The importance of the GENIUS Act
The GENIUS Act officially recognises stablecoins as financial products and provides a legal and policy framework for them to operate with confidence. Currently, the stablecoin market is worth about…
