After Trump signed the GENIUS Act, Tether said it will bring USDT to the U.S. via the foreign issuer path and launch a local stablecoin. Circle said the law affirms its compliance model. Both CEOs attended the White House signing but did not interact.https://t.co/JBgDEMUeRx ...

Regulatory Landscape - Trump signs GENIUS stablecoin bill into law [1] - JPMorgan says regulators abroad prefer tokenized bank deposits [1] Market Trends - Crypto market cap hits $4 trillion [1]

Regulatory Framework & Innovation - The Genius Act aims to establish a clear regulatory framework for dollar-backed stablecoins, potentially revolutionizing financial technology [1] - The Act seeks to upgrade the outdated financial system using state-of-the-art crypto technology [3] Dollar & Crypto Assets - The Genius Act provides a framework for banks, businesses, and financial institutions to issue crypto assets backed one-to-one with US dollars, treasury bills, and other cash equivalents [4] - This is intended to strengthen the dollar's prominence [4] System Modernization - The current financial system's technical backbone is decades out of date, leading to costly and slow payments and money transfers [2][3]

Trump signs stablecoin GENIUS Act, cementing first major crypto framework in US law https://t.co/1AcJOBHxiS ...

Trump: "The stablecoin bill is a massive validation for crypto." ...

President Trump holds signing ceremony for the GENIUS Act at the White House on Friday. The GENIUS Act aims to regulate the roughly $238 billion stablecoin market, per CoinDesk data, creating a clearer framework for banks, companies and other entities to issue the digital currencies. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/42d859g » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC » Watch CNBC on the ...

SEC Chair Paul Atkins said the agency is weighing an “innovation exception” aimed at promoting asset tokenization. The move comes after the U.S. House passed a stablecoin bill and reflects efforts to support new trading models and infrastructure for tokenized securities within the existing regulatory framework. https://t.co/ZX0UANS4uk ...

Circle quietly flexing on TradFi.Best way to get direct stablecoin exposure at the moment, other than ETH. https://t.co/zih1jIEQGI ...

Great pod from the archives with Stani from Aave and Sam from Frax about the effects of the GENIUS bill passing, stablecoin mania, and the future regulatory environment.Happy crypto week in USA. Timely listen.https://t.co/Pvoi0WElRC ...

What did it take to get the bill over the finish line. You know, there was a lot of drama with crypto week. Essentially, it surrounded this issue of whether the central bank can issue a cryptocurrency.Uh, libertarians and members of the House Freedom Caucus were very concerned uh that this prohibition on doing it would not in any way make it into law. There was a last minute agreement to eventually attach it to the mustpass defense authorization bill uh at the end of the year. Essentially, they're worried t ...