US House sends crypto ‘GENIUS Act’ to Trump, in win for industry advocates | Crypto News
Advocates hope House bills will bring decentralised currency into US mainstream as Trump pushes ‘crypto week’.
The United States House of Representatives has passed three bills related to cryptocurrency, sending one directly to US President Donald Trump and the other two to the US Senate.
The votes by the Republican-controlled chamber come amid a wider push by the Trump administration to make the US the “crypto capital of the world”, in what the president has dubbed “crypto week”.
Trump and his family’s emphasis on the largely unregulated crypto industry has also raised concerns it could be used to mask corruption and foreign influence.
The bill that will go directly to Trump is called the GENIUS Act. It sets initial…
