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The Asian Chronicle @AsianChronicle on x XXX followers
Created: 2025-07-19 10:30:00 UTC
Trump Signs GENIUS Act, Claims It’s ‘Named After Me’
At a press conference on Friday, U.S. President Donald Trump took credit for the name of the newly passed GENIUS Act, claiming, in classic Trump style, that it was “named after me.”
But what is the GENIUS Act, really?
The GENIUS Act, short for “Government Enforcement of Neutral Innovation in US-Dollar Stablecoins”, is a landmark law aimed at regulating stablecoins: cryptocurrencies pegged to the U.S. dollar and widely used for transferring money across borders and in fintech platforms.
#Trump #GENIUSAct #CryptoRegulation #Stablecoins #USPolitics #FintechNews #BreakingNews
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Related Topics genius act stablecoins donald trump