White House prepares for passage of Genius Act bill… Signing ceremony scheduled for tomorrow
JH Kim
Summary
- The White House announced it is preparing to pass the Genius Act, a stablecoin regulation bill.
- The bill was explained as a key legislative measure to establish a regulatory framework for digital assets.
- It was stated that the U.S. government is taking active steps to foster the digital asset industry.
On the 17th (local time), Eleanor Terrett, host of Crypto in America, stated that the White House is preparing to pass the stablecoin regulation bill, 'Genius Act.'
According to Eleanor Terrett, the White House will host an official signing ceremony at 2:30 PM (local time) on the 18th, immediately after the bill's passage, inviting key industry leaders and members of Congress.
The Genius Act is a key bill to establish a digital asset regulatory framework, and this signing ceremony signals that the U.S. government is actively promoting the digital asset industry.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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