Editor's PiCK
Chair of U.S. Virtual Assets Advisory Committee: "Trump expected to sign 'GENIUS Act' today"
JH Kim
Summary
- Chair Bo Hines announced that President Trump is expected to sign the 'GENIUS Act' today.
- The core of this bill is establishing regulations and a supervisory framework for stablecoin issuance.
- It is stated that the focus is on strengthening the United States’ global dollar dominance, leading innovation, and establishing a foundation for digital finance control.
Bo Hines, Chair of the White House Presidential Virtual Assets (Cryptocurrency) Advisory Committee, announced on June 18 (local time) via his X (formerly Twitter) that "this afternoon, President Trump is expected to sign the most monumental virtual asset bill in history, the 'GENIUS Act.'"
He emphasized that through this signing, "the United States will strengthen its global dollar dominance, lead innovation, and lay the foundation to permanently control the future of digital finance."
The GENIUS Act focuses on establishing regulations and a supervisory framework for stablecoin issuance, and is considered one of the Trump administration's key digital asset policies.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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