Trump strikes deal with GOP holdouts on GENIUS Act
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Backers of the Genius Act, a potentially landmark bill that could help "stablecoins" go mainstream, say it would greatly speed electronic payments.
The bills aim to define Bitcoin as a commodity, block a Federal Reserve issued CBDC, and regulate stablecoins while protecting decentralized assets.
XRP jumps 6% after the House advances the GENIUS Act, boosting Ripple’s RLUSD strategy and bringing new regulatory clarity.
Key Takeaways Bitcoin trades at $118,391.27, up 0.70% in 24 hours, maintaining strong support above $118,000.Ethereum surges 7.33% to $3,349.37, pushing market
If passed, the Crypto Week legislation could lead to new ways to use the currencies, corporate adoption, and institutional investment.
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The US House advances debates on key US crypto legislation, including bills on stablecoins, digital asset oversight, and anti-CBDC measures.
The GENIUS Act, a suggested U. S. legislative framework, seeks long-awaited regulatory clarity for digital assets like Ripple (XRP). By defining digital tokens and establishing clear guidelines, the Act might end years
The Bitcoin price continued to consolidate today, July 16, as the recent bull run took a breather, and traders await the vote on the GENIUS Act in the
Zack Shapiro, head of policy at the Bitcoin Policy Institute, breaks down the three crypto-related bills currently sitting in the U.S. House of Representatives.