🇺🇸 TODAY: SEC Chair Atkins says the closure of SEC vs Ripple case creates opportunity to "shift energy from courtroom to policy drafting table" and build clear regulatory framework that fosters innovation while protecting investors. https://t.co/1bXrC9Qwfk ...

🇺🇸 TODAY: President Trump signs the GENIUS Act into law, the first federal regulatory framework for stablecoins. https://t.co/GyG6gMk7Qz ...

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for dollar-backed stablecoins, potentially revolutionizing financial technology [1] - The Act seeks to upgrade the outdated financial system using state-of-the-art crypto technology [3] Dollar & Crypto Assets - The Genius Act provides a framework for banks, businesses, and financial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the dollar's prominence [4] System Modernization - The current financial system's technical backbone is decades out of date, leading to costly and slow payments and money transfers [2][3]

Watch live coverage as President Trump holds a signing ceremony for the GENIUS Act, which aims to create a regulatory framework for cryptocurrency. For more context and news coverage of the most important stories of our day, click here: https://www.nbcnews.com » Subscribe to NBC News: http://nbcnews.to/SubscribeToNBC » Watch more NBC video: http://bit.ly/MoreNBCNews NBC News Digital is a collection of innovative and powerful news brands that deliver compelling, diverse and engaging news stories. NBC News Di ...

LATEST: 🇺🇸 @SKMersinger urges a federal regulatory framework for digital assets, asserting, "The United States should be that leader" to unlock massive economic and strategic benefits. https://t.co/bGekq91zxF ...